LRU News

Capital Campaign Rising Up to a $65 Million Goal

Tue May 7 2013

HICKORY, N.C. — At its public announcement on February 1, the University Rising Campaign Committee unveiled thermometer signs that will visually track the progress of the University’s goal to raise $65 million by January 1, 2015.  Located on three high traffic routes around the campus, these signs are updated after each meeting of the Campaign Committee. After its April 20th meeting, the Campaign Committee proudly announced that the University had secured $1 million in cash and pledges since its February announcement.

New gifts to the Chapel, the Science wing and the University’s endowment made up the increase. The Co-Chairs of the Campaign Committee, trustee Jerome Bolick and alumnae Madeleine Dassow ‘75, were encouraged with the progress made since the committee’s last meeting. “Make no mistake about it,” said Dassow, “the remaining challenge is greater than any one person or any one group.” When asked about the excitement and commitment needed to reach the goal she said, “We, the alumni, community, and friends of L-R will have to join hands to accomplish our fundraising objective, and today’s progress report reflects that we are seeing a joint effort coming to fruition.”

Some of the benefits of the University Rising Campaign are already visible to the campus and the community. The Moretz Sports Complex, made possible through the generosity of John and Marilyn Moretz, has met many of the athletic and fitness needs for Lenoir-Rhyne students, athletes, and community members. Construction of the new Chapel is also underway with the anticipated completion of the project in the fall of 2014. Another tangible benefit being felt by students and their families deals with the University’s effort to meet the rising cost of higher education. With over 92% of Lenoir-Rhyne students receiving some form of institutional aid, the Campaign has focused on securing annual gifts for student scholarships (through The Fund for Lenoir-Rhyne), along with endowed and planned gifts targeted for scholarships and programmatic support. To date, the Campaign has secured current and future funding for scholarships and programs totaling $35 million.

There is also significant news concerning the science building.  The University has raised $6.7 million, or 44% of the funds needed to construct the new science wing. Bolick, Dassow and University President Dr. Wayne Powell all reiterated that of all of the construction projects in the campaign, the University has raised more money for the science building than for any of the other projects.

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