College achieves fund drive milestone
The final campaign year is focusing on expanding the college's endowment funds.
MEADVILLE, Pa. -- Allegheny College's capital campaign has passed the $100 million mark in gifts and pledges, a milestone that no other Allegheny fund-raising effort ever reached.
Support for the "Tradition & amp; Transformation: Making A Difference" campaign confirms Allegheny's place among the nation's top liberal arts colleges, said Tom St. Clair, an Allegheny trustee and chairman of the drive. He is a 1957 Allegheny graduate.
"It's also a testimony to the loyalty and generosity of our many supporters and represents a special legacy of the campaign's co-chair, David Hoag," St. Clair said.
Hoag, a 1960 Allegheny graduate and also a trustee, died in August 2004.
More than 15,000 donors, including foundations and corporations, have supported the campaign, which was launched in October 2002 and is slated to end in June 2006.
Campaign gifts have already brought about a number of notable changes on campus, including extensive renovations of the Henderson Campus Center and the complete restoration of Cochran Hall, which will house the Patricia Bush Tippie Alumni Center.
Pushed over the mark
A recent $1.2 million gift from Gordon Patterson, a member of the Class of 1945, pushed the campaign over the $100 million mark. Patterson, who lives in Wilmington, Del., designated his gift to endow a fund providing financial assistance for Allegheny science majors.
Bolstering campus endowments is a key focus of the final year of the fund drive.
Trustee Herb Myers, Class of 1961, has pledged $1 million to match new endowment gifts and pledges made by June 30, 2006, that are earmarked for faculty support and student learning.
Myers, who lives in Poulsbo, Wash., will match dollar-for-dollar any contributions ranging from $25,000 to $100,000 to create endowed funds in those designated areas.
"The Myers Challenge allows donors to double the impact of their endowment gifts, and these investments will pay great dividends in the lives of faculty and students for generations to come," said Richard J. Cook, Allegheny president.
Allegheny is a liberal arts college with a student enrollment of 2,100.