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home/welcome/news/Springfield College Receives $1 Million Challenge Grant | |
Springfield College Receives $1 Million Challenge Grant |
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SPRINGFIELD, Mass., Oct. 9, 2007 – The Kresge Foundation has approved Springfield College for a $1 million challenge grant to complete its campaign, Leadership for the 21st Century. The college must raise $39 million by July 1, 2008 to receive the capstone sum, and has already received $33.3 million in gifts and commitments from alumni, friends, foundations and local businesses toward that goal.
The Kresge Foundation President and CEO Rip Rapson, in a letter to Springfield College President Richard B. Flynn, wrote, “We are pleased to support your organization and the strategic opportunity presented by your capital campaign to extend your private donor base. We are impressed with your emphasis on revitalization of your neighborhood, your track record of accessibility and persistence rates, and your holistic approach to health, human service and wellness.” Responding to the announcement, Flynn said, “Advancing the well-being of humanity is a core value for both Springfield College and The Kresge Foundation. We are grateful for the opportunity to earn this grant to assist us in educating future generations of well-rounded leaders dedicated to serving others.” The college launched the public phase of its campaign, Leadership for the 21st Century, in June 2005. The campaign supported renovation of a classroom building into a new state-of-the-art science center. In addition, the campaign is funding construction of a new field house, a new wellness center, and a new campus union. Other campaign goals are to increase scholarship endowment and establish new faculty chairs. David J. Fraboni II, Springfield College vice president for institutional advancement, said, “We believe that The Kresge Foundation’s vote of confidence, and the prospect of matching funds, will be important in increasing excitement and inspiring support in the final phase of our campaign.” The Kresge Foundation is a $3 billion national organization that works to strengthen nonprofit organizations that advance the well-being of humanity. Springfield College educates students to become leaders in the human helping professions, education, and other fields of service to people. In many of its academic programs, students are required to apply their classroom learning through service in schools, health-care organizations, and community-based organizations. A large percentage of students also volunteer in the community. Under Flynn’s leadership, the college also has been a prime mover in programs to make its surrounding neighborhood a better place for living, working and learning. It has leveraged grants and collaborated with the city, neighborhood associations, and area residents in community revitalization planning. Last year, it secured a loan fund that will allow homes to be built or rehabilitated in the neighborhood. The Kresge Foundation has been a driving force in the building of facilities for nonprofit organizations in the United States for the past 83 years. Its Capital Challenge Grant Program, which awards an organization a financial grant if it raises an agreed upon amount of funds from private sources, has helped communities across the country build libraries, schools, hospitals, museums, community centers, and food banks, among other brick and mortar projects. Springfield College’s goal is to complete its $40 million campaign in 2008. According to Fraboni, “This is Springfield College’s largest campaign and has raised more financial support than any fund raising effort in our 122-year history. Our alumni, friends and other supporters recognize our top quality academic programs, supported by first class facilities, position our graduates to make the world a better place. That’s a future worth supporting.” Released: 10/09/2007 |
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springfield college 263 alden street, springfield, MA 01109-3797 (413)748-3000 | ||