College Awarded $1-Million Grant
Donations to the College for the purpose of building the new science
center will have more impact thanks to a "bricks-and-mortar"
challenge put forward by the Kresge Foundation. Here's how it
works: The fundraising goal for the complex is $34 million for construction,
renovation, and equipment and $2 million for endowment. As of August
15, the College had raised just over $30 million toward that goal.
If Mount Holyoke raises another $5 million in new gifts and pledges
by January 1, 2003, Kresge will award the College the remaining $1
million necessary to complete fundraising for the science project.
Says President Joanne Creighton, "This is a splendid opportunity
for donors who want their own generous investments in the future of
Mount Holyoke to leverage additional gifts to the College. Every gift
or pledge to the new science center will help meet the Kresge challenge."
A $150,000 grant to support the science center from the Booth Ferris
Foundation was recently applied toward the challenge goal.
The largest campus building project since the renovation and expansion
of Williston Library in the early 1990s (for which the Kresge Foundation
also awarded a $1-million challenge grant), the science center has
already attracted several of the largest gifts in Mount Holyoke's
history, including an anonymous $10-million naming gift for the new
Kendade Hall, the nexus of the center.
To learn more about the science center project, visit http://www.mtholyoke.edu/campaign/science/index.html.