324 The History of Wake Forest
students who pursued work in the public interest. Graduates meeting certain guide-
lines, including State Bar membership and employment as a public interest lawyer,
were eligible to receive an award equal to 10 percent of student debt.
On March 26, President Hearn wrote a memo to faculty and staff, announcing,
“As of December 31, 2000, the market value of our endowment was $894,369,000,
down about 7.7 percent from the close of the last fiscal year. Total 2000 calendar-year
return, however, was 15.8 percent.” By December 31, 2000, the Reynolda Campus
had also received $21.8 million in gifts, the best half-year fundraising performance in
school history. Trustee William B. Greene Jr. (’59), co-chair of the upcoming capital
campaign, made a $5 million unrestricted commitment to support the endowment.
East Hall was renamed in his honor, and the dedication took place on October 5.
Greene’s gift came just four months after the Kirby Foundation gave $5 million to
expand Calloway Hall; Greene and Calloway were both members of the Class of 1959.
Wake Forest University Baptist Medical Center’s capital campaign surpassed its
$100 million goal a year ahead of schedule, with $109 million raised.
The E. Rhodes and Leona B. Carpenter Foundation of Philadelphia gave the
Divinity School $100,000 to support a visiting professor of Jewish studies and pledged
another $212,000 if the school raised $448,000 for a $700,000 endowment to fund the
position permanently.
Will Campbell (’48), renowned civil rights activist and author of sixteen books
on the South, received the National Humanities Medal in December.
Summing Up the Year
The most publicized story of 2000–2001 was the presidential debate between Al
Gore and George W. Bush. It was the second presidential debate hosted by the Uni-
versity and, like the first, created a great deal of excitement and national exposure.
Applications for admission increased following the debate. A second major story was
the launching of a second capital campaign within a decade. Known as “Honoring  the
Promise,” its goal was $600 million, with the majority of the money going to the Reyn-
olda Campus. It was kicked off publicly in late April with a speech by the President
and a parade of nineteen seven-foot-tall fiberglass Deacons that were each decorated
by a campus group. A third
important event of the year
was a gift from the Z. Smith
Reynolds Foundation that
guaranteed Wake Forest 3
percent of its annual income
in perpetuity in addition to
the $1.2 million dollars the
Foundation was already giv-
ing the University each year.
The theme for the
year was Ethics and Honor.
Among many programs, the
University celebrated the Barbara Bush
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