Belmont University has successfully met the Kresge Challenge, raising $2.9 million in donations and pledges required in order to receive an $800,000 grant from The Kresge Foundation.
The Kresge challenge grant required Belmont to raise $2.9 million by May 1, 2004, in order to receive the $800,000. The Kresge funding will help pay for the new multipurpose complex that includes the Beaman Student Life Center, Curb Event Center, and Maddox Grand Atrium.
“It is with great excitement that I announce we have successfully completed the Kresge Challenge,” said Belmont University President Dr. Robert Fisher. “I am especially pleased to note that a significant portion needed to complete this challenge was received from faculty, staff and trustees.”
Kresge Challenge grants require a diversified portfolio of donors, including alumni, faculty, staff, friends, parents, foundations, and corporations. The Kresge Foundation is an independent, private foundation, located in Troy, Michigan, focused on helping organizations help themselves. Through their grant support of capital projects, their goal is to help worthy organizations respond to the new challenges presented by their communities or sustaining activities that have demonstrated their effectiveness.
Tower photo by Belmont University staff photographer Michael Krouskop. Click image for a larger version.