Family gives $25 million gift to Roanoke College
April 18, 2013
From time to time, colleges launch massive fundraising campaigns. When this occurs, administrators hope to get a sizeable amount of money to fund various initiatives, like campus construction and new program launches. Roanoke College in Virginia recently did this.
And the Mulheren family has already responded. Family members Nancy, her late husband John, their son Sandy and his wife Vanessa - all alums of the school - decided to make a $25 million pledge to the initiative entitled Roanoke Rising: The Campaign for Roanoke College.
Administrators, alumni and the family came together to make the gift, which was announced at the recent kickoff for the campaign. The money will be put toward building new facilities, creating an annual giving program and other efforts.
"In honor of my family's life-changing experiences at Roanoke and in support of generations of young Maroons to come, I am pleased to share our gift of $25 million," Nancy Mulheren explained.
The university has been heavily involved in fundraising initiatives recently. Earlier in April, The Roanoke Times reported, campus nonprofit fraternity Pi Kappa Pi, Xi chapter, held the "War of the Roses" athletic event to support their associated philanthropic group, Push America. The source said the brothers hoped to raise $2,000 for summer camps for disabled children.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.