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Class of 2001 Fundraising Effort ‘Head & Shoulders’ Above Tradition
Raising a record $6,270 from 124 members of the JD and LL.M. classes, faculty and staff of Penn Law, the Class of 2001 was able to commission the creation of a marble bust of University of Pennsylvania Law School founder and first professor James Wilson as their parting gift to the school upon their graduation. Heath Tarbert and John F. Cacchione, president and vice president, respectively, of the Class of 2001, guided the James Wilson Project, as it was called during the fundraising stage, to a sterling success. Eager to recognize the Law School’s 150th Anniversary, the class voted on the choice of the Wilson bust to leave their legacy at the school. (See related story here - opens in new window.)
Law School Soars Past Fundraising Goal for 2000-2001 Academic Year
As the Penn Law Journal goes to press, the University of Pennsylvania is closing the books on Academic Year 2000-2001. Preliminary figures indicate that the Law School surpassed its fundraising goal of $8 million by raising $9,940,000 in new commitments.
In the area of major gifts, two chaired professorships were established last year – the Saul A. Fox Distinguished Professorship in Business Law and its associated Fox Endowed Research Fund (see article on page 1), and the S. Samuel Arsht Professorship in Corporate Law endowed by the Honorable Roxana Cannon Arsht L’39. Judge Arsht established the endowed professorship in memory of her husband S. Samuel Arsht W’31, L’34, who died in 1999, and was a partner of the Wilmington, Delaware firm Morris, Nichols, Arsht & Tunnell.
Additionally, the Law Annual Giving fund for unrestricted support of the Law School raised $2.5 million, reflecting a 25% increase over the past two years.
A Challenge Gift Inspires the Class of 1971
Barry J. London W’68, L’71 and his wife, Nancy C. Floyd, presented an anonymous challenge to the Class of 1971 on the occasion of his 30th year reunion. To inspire more classmates to participate in the class gift to the Law Annual Giving fund, Mr. London put up $100,000 and challenged his classmates to raise $150,000 in cash and commitments to match it. The Committee, chaired by Arthur W. Lefco and the Honorable G. Craig Lord, rallied 56 members of the class to surpass the challenge by raising $151,573, bringing the grand total of the class gift to $251,573.