Olivet College closes Capital Campaign at more than $17 million
Mar 04, 2010
Olivet College has officially closed its largest fundraising campaign in school history. With more than $17 million raised through the Capital Campaign, the college has been able to construct three new buildings on campus and renovate several others, revise its curriculum to create new academic majors and minors, and support initiatives in academics, athletics and more all thanks to alumni and foundation support.
This latest campaign has strategically positioned Olivet College for success well into the future, said Olivet College President Don Tuski, Ph.D. New programs and facilities, as well as our great faculty and staff will provide excellent educational opportunities for students in Michigan and beyond. This is a very exciting time to be at Olivet College.
During the past three years, Olivets campus has seen unprecedented growth. Thanks to campaign funds, the college was able to construct The Cutler Event Center, Gillette Student Village apartment-style housing and, most recently, the M. Gorton Riethmiller Art Building. In addition, the Kolassa Track and visitors stands were installed at the colleges Cutler Athletic Complex and extensive renovations were made to Mott Auditorium, Engle Chemistry Laboratory, Upton Center Natatorium and several classrooms. Olivet was also able to make critical repairs to its Shipherd Hall staircases and install a new patio outside Mott Auditorium.
In addition to the construction and renovation projects, faculty members received campaign support to revise the colleges curriculum. Several outdated academic programs were eliminated in favor of new majors, minors and concentrations. These new programs include an actuarial science major; computer science major and minor; informational technology management major; insurance claims investigation minor; music major with concentration in musical theatre; religious studies and ethics minor; and writing major. The college also implemented a Master of Business Administration in Insurance online degree program and learning disability teacher certification through campaign support.
In an initial feasibility study of the Capital Campaign, consultants suggested Olivet College could raise $10 million. After assessing campus needs, college officials set a goal to raise $16.5 million. Closing at more than $17 million total, the Capital Campaign is considered the largest fundraising initiative in the colleges 166-year history.
As administrators finalize plans to move on to another successful campaign, focus remains on fundraising for the Olivet College Annual Fund. The Annual Fund plays an integral part in college operations by supporting day-to-day costs not covered by tuition. While many people believe a students tuition supports the entire cost of his or her education at Olivet, in reality it covers only a portion. Olivet College covers the remainder via donations to the Annual Fund. Support of the Annual Fund covers items such as laboratory equipment, library resources, non-endowed student scholarships, services such as tutoring and more.
For more information about Olivet Colleges Capital Campaign or Annual Fund, visit www.olivetcollege.edu. To make a donation to Olivet College, visit www.olivetcollege.edu and click on Make a Gift, or call the Office of Institutional Advancement at (269) 749-7630.