Drake University President David
Maxwell announced on Wednesday that he plans to retire from the university on June
His retirement will cap a 16-year
tenure, the third longest in the university's history. Maxwell took over as
Drake's 12th president on May 15, 1999.
Under his leadership, the
university's endowment has grown from $80 million to $185 million. He also led
a $190 million comprehensive fundraising campaign called Campaign Drake - Think
of the Possibilities, and is currently leading a $200 million campaign
In the last 15 years, annual
applications for admission have increased nearly 177 percent to 6,276. The
average ACT score of incoming students has increased to 27 from 25.3, and the
average high school grade point average has grown to 3.71 from 3.5.
Over the next 16 months, Maxwell
and the university will focus on meeting strategic plan goals, including the
completion of distinctlyDrake, the university said in a
"You can't have a great city without a
great university, and President Maxwell has ensured that we have both,"
Bill Knapp, a Drake trustee for nearly 40 years, said in the release.