matters and university administration. Campanella held this position until 1991. In 1974, BC adopted depreciation accounting, a novel approach at the time for universities, reflecting a more sophisticated financial strategy. BC merged with Newton College of the Sacred Heart in that same year, acquiring its 40-acre campus just 1.5 miles away, which allowed the Boston College Law School to relocate and provided much-needed housing for an increasingly residential student body.
In April 1976, BC launched a capital campaign with a goal of raising $21 million but ultimately secured $25 million. By 1982, the university had enjoyed a decade of financial stability, with an endowment of $36 million by the end of the 1981–82 academic year. Following an aggressive capital campaign in 1989 that raised $136 million, the endowment reached $250 million, surpassed $350 million in 1992, and exceeded $500 million by 1995. When Monan transitioned to University Chancellor in 1996, the endowment had grown to $590 million.
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