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August 6, 2009
The Kresge Foundation Extends Challenge Deadline to
March 31, 2010
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CONTACT:
Jean Wilhelm, B.A., Campaign Director, Institutional Advancement,
(212) 517-0460, jwilhelm@mmm.edu
(New York, NY) – In recognition of Marymount Manhattan’s successful fundraising efforts during this unique economy, The Kresge Foundation granted an extension to meet its challenge grant. In order to receive the $1.5 million grant the College must have gifts and pledges totaling $25 million by March 31, 2010. To date the College has raised $21,873,000 in gifts and pledges.
In January 2008, the College launched the public phase of This is the Day, the comprehensive campaign to dramatically increase need-based student financial aid, encourage unprecedented levels of faculty scholarship and research, as well as increase the number of full-time faculty, and enhance our existing spaces to create a dynamic, yet comfortable, environment for learning and growing. The comprehensive campaign is an extraordinary undertaking that requires funding that is quite separate from the operating expenses raised through the College’s annual appeal.
There have been exciting milestones throughout the course of the campaign. Each milestone supports one of the three campaign initiatives:
- The Lowerre Family Terrace, the campaign’s first major facilities project, was unveiled on September 8, 2008. By fall 2009, the new Commons will be completed, along with renovations to the Shanahan Library.
- Today, with the demand for scholarship support at nearly historic levels, the College has been able to significantly increase its financial assistance to MMC through the funds raised as part of This is the Day.
- In March 2009, the College named Kathleen LeBesco, Ph.D., Professor and Chair of Communication Arts, and Jason Rosenfeld, Ph.D., Associate Professor of Art History, as the first Distinguished Chairs at Marymount Manhattan College.
Campaign Director Jean Wilhelm, B.A., said the extended deadline presents new opportunities to meet the College’s campaign goal.
“To comply with Kresge’s new deadline, the College must develop more than $3,000,000 in gifts and pledges by March 31, 2010,” Wilhelm said. “However, actual payments may be spread out, as long as they are received by March 31, 2015.”
Throughout the remainder of the campaign, MMC will be scheduling meetings and receptions to provide information about the campaign in general as well as the campaign’s special initiatives in honor of Sr. Judith Savard, Professor Gurcharan Singh, Professor Marvelle S. Colby, Ph.D., and Professors John and Priscilla Costello. These inspirational educators touched the lives of thousands of students during their many years of teaching at the College. A number of endowed scholarships also exist that honor other distinguished faculty and staff members who span MMC’s history. They include the Professor J. William Bordeau Scholarship, Sr. Raymunde McKay Scholarship and the Sr. Dymphna Leonard Scholarship. The Maureen Lyons Olson ’79 Endowed Scholarship was established by Trustee Ginger Lyons de Neufville ’70 in honor of her sister who died on September 11.
To learn more about This is the Day, the Campaign for Marymount Manhattan, visit the Web at www.mmm.edu/campaign or contact Jean Wilhelm, Campaign Director, at (212) 517-0460 / jwilhelm@mmm.edu.
Marymount Manhattan College is an urban, independent, liberal arts college. The mission of the College is to educate a socially and economically diverse population by fostering intellectual achievement and personal growth and by providing opportunities for career development.
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