The University has received a $2 million donation toward the ongoing Smith Center renovations from a donor who chose to remain anonymous, University President Steven Knapp announced this morning at a Board of Trustees meeting.
Laurel Price Jones, vice president for advancement, said this afternoon that the anonymous gift puts fundraising efforts at $6.6 million, past the University’s target of $6 million to secure a matching donation from the Smith-Kogod foundation.
The University had raised approximately $1 million in September and was at the $4.5 million mark in February. Because of the Smith-Kogod matching donations, the University had a total of $9 million in February.
The total cost of renovations, which are scheduled to be completed in 2012, is expected to be $43 million. The Smith-Kogod donation, which is the largest gift in University history, caps at the $10 million mark and the University plans to raise a total of $15 million. The remaining $18 million will be funded by debt, Alicia O’Neil, managing director of the Office of Real Estate, said in September.
Dan Rocha, executive director of athletic development, said the response he has been getting from those he has contacted to secure gifts has been encouraging.
“People are really responding to it because they’re seeing it as the heart of the campus in a lot of ways,” Rocha said. “We’re pretty much where we want to be right now. It’s a three-year campaign… we’re making steady progress.”