Thursday, January 17, 2002

Campaign Exceeds $72 Million Goal Two Years Ahead of Schedule

Chestertown, MD, January 17, 2002 — Several major gifts and grants and two special fundraising efforts have pushed the Campaign for Washington's College beyond its $72 million goal to more than $74 million, just three years into the five-year campaign. Recent major gifts include $2.6 million from The Hodson Trust earmarked for the Hodson Challenge, $300,000 from Robert Thawley '43 for academic programs, and $100,000 pledged by Thomas H. Maddux. In addition, the Hodson Challenge is matching other recent gifts to endowment including, as follows: $250,000 from Jennifer and Ted Stanley and $100,000 from Jim and Dessie Moxley for the Center for Environment and Society, $200,000 from The Starr Foundation and $100,000 from the Seraph Foundation for scholarships, $407,000 from a group of donors to endow the men's and women's lacrosse program, and $105,000 from friends of the late Constance Stuart Larrabee to create an endowed scholarship in her name.
In addition, the final distribution of the Irma S. Heck Trust pushed the endowment fund for the Leroy Savin Heck '25 Scholarship to $433,000; this gift will also be matched by The Hodson Trust.
Nearly $9 million has now been raised in response to the Hodson Challenge. We are especially pleased that Hodson Trust Chairman Finn M.W. Caspersen has approved an extension of the Hodson Challenge from $10 million to $15 million. This special challenge has provided an important catalyst to donors who have welcomed the opportunity to double their dollars while providing for the long-term financial health of the College.
Addressing one of President John Toll's top priorities, the George I. Alden Trust issued a 3:1 challenge grant of $100,000 for the construction of a new addition to the Dunning-Decker Science Center. Dr. Ralph Snyderman '61 made the first gift, $102,000, in honor of his parents, in response to the Alden Trust challenge.
Plans are underway for a gala milestone celebration on Saturday, May 18.

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