Kresge Foundation Awards Norwich
$500,000 Challenge GrantOct. 26, 2006
The challenge has been issued, and it's up to the Norwich community to meet it.
The Kresge Foundation, one of the most prominent grant-making institutions in the nation, has approved a $500,000 challenge grant to Norwich University for construction of the Wise Campus Center.
To meet the challenge, Norwich must raise more than $2.2 million in new gifts and pledges by Jan. 1, 2008. Those gifts and pledges must be used solely for the new campus center.
Norwich broke ground on the campus center in May 2006. The 71,500-square-foot center is a major component of the five-year, $55 million Norwich Forever! campaign. The building is scheduled for completion in August 2007.
With a total price tag of $20.5 million, the facility will be constructed through a combination of private gifts, bonds and operating funds. Norwich has also begun $4.5 million in related infrastructure upgrades, including the installation of new underground power lines and steam pipes, which will serve the campus center and other buildings.
“We are going to make a real effort to get our younger alumni involved in this challenge,” Norwich President Richard W. Schneider said, “because they know better than anyone the need for a modern campus center.”
The Kresge Foundation helps strengthen nonprofit organizations by helping them grow, connecting them to their stakeholders and challenging greater support through its grant-making programs.
“We hope that your campaign can become an even more strategic opportunity for you to connect with your stakeholders and reach out to new donors, volunteers, participants and the general community,” said Rip Rapson, president and CEO of The Kresge Foundation.