Gonzaga to build new university center with $25 million gift
July 15, 2013
When colleges need to construct new buildings, they often run into funding issues. These ventures cost millions of dollars, so administrators have to consider their choices- they can save over time and put the project off as long as possible, cut costs for some majors, cold call alumni for help, raise tuition and other options.
But sometimes this situation is made easier by generous individuals in the academic community. This was the case for Washington's Gonzaga University, which was recently the recipient of a $25 million gift from Trustee John Hemmingson. This has allowed administrators to begin construction on a new university center.
"With this gift, John demonstrates his personal commitment to the institution and his optimism and faith in the future," Gonzaga Board Chair Fritz Wolff explained. "He sees the University Center as a vital step in advancing the campus for the next generation of Zags."
Many colleges like to use large sums like this to jumpstart construction projects. Detroit's Lawrence Technological University also recently received a large sum - $300,000 in the form of a grant from the Kresge Foundation, according to the Detroit Free Press. This will allow leaders to start work on the new design center planned in the city's Midtown neighborhood.
Nonprofit organizations that hope to benefit from large grant-giving opportunities can improve their chances of being selected for awards when they use nonprofit financial management programs. These solutions can generate data-driven reports for various stakeholders.