The University also faces cost-drivers � being competitive in terms of innovation, escalating costs of hiring and retaining talented faculty, keeping tuition affordable, funding new programs, putting up new structures and facilities, and renovating existing ones.

The Centennial Development Fund launched last September 1, 2001 is an endowment or trust fund that will be a source of income for CPU. It will support different programs that promote the intellectual, physical, social, and cultural growth of the students so that they will be able to better contribute to the various fields of national life and development. The challenge is to make CPU a world class university that contributes its full share in the development of man and society.

The goal for the Fund is P100 million, one half of which shall be in cash and the other half in kind. The campaign will last until 31 August 2005. Pledges will be accepted payable until 31 May 2006.

Members of the Board of Trustees and the CPU Corporation, faculty, staff, alumni, parents, friends, churches, organizations, foundations, business, and industrial firms are expected to support the fund campaign.

As principal stakeholders, the trustees, corporate members, faculty, and staff are

targeted to provide the initial fund. They are also expected to help in developing the prospective donor profile by providing information on specific individuals, businesses, and other institutions.

The Alumni who are part of the University�s mission

 will be the major pillars of support. With 82 chapters worldwide, the CPU Alumni Association, Inc. is committed to help realize our goal through alumni GIFTS � Goods, Ideas, Finances, Talents, and Services.

Another group of constituents � institutions (corporations, foundations, and churches), and business firms will be tapped to support the fund campaign. Public funds and donations from friends of CPU both here and abroad will also be sought.

The fund campaign is co-chaired by BOT Chairman Atty. Perfecto R. Yasay, Jr. and University President Dr. Juanito M. Acanto, with CPUAAI President Dr. Glenn A.M. Catedral as vice-chairperson, and Prof. Ricardo C. Patricio as executive director of the fund campaign. Mr. Nelson R. Ayala has

been designated Fund Campaign Coordinator in North America while Engr. Leo Bra�a, Atty. Gene Duremdes, and Dr. Noel Nequin serve as Regional Coordinators in North America; Mr. Mauro Somodio is Regional Coordinator for countries outside North America while all alumni chapter presidents are appointed as chapter coordinators. Mr. Demy P. Sonza, past Vice Governor of the Province of Iloilo, serves as development consultant. As former Director for Planning and Development, Mr. Sonza has had extensive training and experience in the EXCEL I and EXCEL II fund-raising efforts of the University.

Proposed is the hiring of a full-time development officer who will assist the Executive Director in developing the database for donors, and in acknowledging their gifts not less than three days after receipt of donations.

The Secretary provides the clerical services and facilitates remittance of gifts to the business office.

A resource generation committee with representatives from the twelve academic units (already constituted) assists the Executive Director in identifying and qualifying the prospective donors and also serves as "think tank."

In 1896, his desire to serve the Lord brought him to Burma where he worked as principal of the Baptist Mission High School in Mandalay. During his seventh year in Burma, he suffered from a sever sunstroke which forced him to leave his work for medical treatment in the United States.

While in New York, he met a former classmate at Colgate University, Mrs. Charles Briggs, who urged him to work in the new Baptist mission field in the Philippines under the auspices of the American Baptist Foreign Mission Society (ABFMS). Rev. Valentine also met Ina Jane Van Allen, a teacher-nurse, who, like him, desired to bring the message of God to foreign lands. They were married four days before Christmas in 1903 and immediately embarked for the Philippines via Europe. On February 29, 1904, they arrived in Iloilo, Philippines. The couple later had three children: Barbara, Bill,Jr., and Elizabeth.

Rev. Valentine spent his first days in Iloilo learning Spanish and Ilonggo. Occasionally, he took short trips with Rev. Briggs to the barrios, getting acquainted with the rural folks and studying their problems. Consequently, he dreamed of providing education to the Filipino boys who usually gather around and discuss with him when he comes for a visit

Sometimes, during his trips to the barrios, Rev. Valentine invites the few boys to work at his house. Soon there was quite a number of boys working with him. He soon found

out the eagerness of the Filipino boys to learn. Thus began the early plans of establishing a vocational school for boys.

With the help of Rev. Anthony Plagata, Dr. Lorenzo Porras, and Dr. Victoriano Diamonon, Rev. Valentine founded the Jaro Industrial School in 1905, which, then unknown to him, would later become Central Philippine College and still much later Central Philippine University.

All students of the school worked half of the day and studied the other half. The school was the first institution in the country to teach that there is dignity in labor. It was also training young people in the art of self-government by organizing the Jaro Industrial School Republic, the first of its kind in the country.

After serving the ten years as principal of the Jaro Industrial School, Rev. Valentine was appointed provincial missionary of Negros Occidental where he spent thirteen years in the ministry. He founded several private schools in Negros and established a number of churches.

Rev. Valentine truly reached his goal in life. He devotedly served God all through out his life until he succumbed to malaria in Bacolod on February 2, 1928. His remains were interred at the American Cemetery in Jaro, Iloilo City, about two kilometers from Central Philippine University, the school he founded.