Elimination of Student Loan Forgiveness Program Among Factors Necessitating More Private Support
MEDIA CONTACT: Jonathan Saxon, firstname.lastname@example.org, 301-860-3607
(BOWIE, Md.) – Bowie State University (BSU)—the first HBCU in the State of Maryland—has met its goal of raising $50 million as part of its fundraising campaign, BSU Bold: The Campaign for Excellence, two and a half years ahead of its scheduled 2025 closing date. The largest campaign in the history of the university has been fueled by strengthening the university’s professional fundraising organization and developing new relationships with alumni, friends, corporations and foundations.
As part of the campaign, gifts have been raised for a variety of purposes including the endowment which has increased over 500% from $7 million to $40 million. This explosive growth provides extraordinary benefits to the university, including a new level of private scholarship funding for students.
“We have not wasted a moment asking our philanthropic partners to invest in the success of our students through this campaign,” said Dr. Aminta Breaux, president of Bowie State University. “We are appreciative of all the individuals and organizations who have invested in our historic institution. Now we’re able to provide more of our students with scholarships. While we have met our initial campaign goal of $50 million – we are challenged and inspired to continue our fundraising and expand the campaign, inviting others to join as we raise an unprecedented level of support for our students. We must continue and work to help make college more affordable and reduce student loan debt.”
Bowie State University is one of 12 institutions and 3 regional centers in the University System of Maryland (USM), and is one of only two institutions in the system with an increase in enrollment between 2017 and 2022. In addition, the university is the school of choice for more high - caliber students pursuing undergraduate and graduate degrees in nursing, teacher education, computer science/cyber security and other areas where jobs are in demand.
“The university is attracting students from all backgrounds and is growing rapidly due to new degree and certificate programs, our facilities and a faculty and administration committed to providing students with a high-quality higher education experience,” said Dr. Breaux. “Our first-time applications and freshman enrollment are up, and we have more students requesting on campus housing.”
The Public Phase of BSU’s Campaign for Excellence began in December 2021, in the midst of the COVID pandemic and required the university to fine tune its fundraising processes and organizational structure. A unit dedicated to administering privately funded scholarships was established in the Office of Financial Aid, along with new stewardship and alumni engagement units created within what is now known as the Division of Institutional Advancement. In executing the initial phase of the campaign, the university leveraged technology and implemented industry best practices to engage with potential supporters.
“Given the urgency of the moment, the Campaign for Excellence will not only continue, but we are accelerating into an expanded goal, a larger scope, and frankly, higher expectations commensurate with Bowie State’s increased prominence and visibility,” said Brent Swinton, vice president for Institutional Advancement. “Besides scholarships and academic programs, the expanded campaign will also highlight BSU’s athletic programs (which do not receive any state funding), fine arts, nursing, and the university’s entrepreneurship education ecosystem.”
In addition to broadening the reach and amplifying the Bowie State University brand nationwide, efforts are underway regionally to further cultivate philanthropic support for the university among local communities.
“We’re fortunate that our unique local footprint includes Washington, D.C. and Baltimore, two major markets where corporations and agencies see the value in partnering with BSU,” said Swinton. “As we move forward with an extended campaign, we’ll work closely with our friends and affiliated organizations to generate more awareness of the world-class educational opportunities offered at Bowie State.”
Some of the major contributors during the Campaign for Excellence to date include Adobe, Baltimore Gas and Electric, the Blackstone Charitable Foundation, the Kevin Durant Charity Foundation, the Maguire Foundation, philanthropist MacKenzie Scott, the Strada Education Foundation and Truist Bank, among many other national funders.
For more information, contact:
Jonathan Saxon, University Relations
David Thompson, University Relations
About Bowie State University
Bowie State University (BSU) is an important higher education access portal for qualified persons from diverse academic and socioeconomic backgrounds, seeking a high-quality and affordable public comprehensive university. The university places special emphasis on the science, technology, cybersecurity, teacher education, business and nursing disciplines within the context of a liberal arts education. For more information about BSU, visit bowiestate.edu.