Le Moyne Receives Anonymous Gift of $4 Million, Marking the Third Largest Donation in College History
SYRACUSE, N.Y. (For Immediate Release) … Le Moyne College has received a gift of $4 million from an anonymous alumni donor. The gift, which will be used to help fund elements of the strategic initiatives emerging from the campuswide OneLeMoyne conversations, marks the third largest donation in College history.
“I am very appreciative of this extraordinary gift, which represents a strong endorsement of the quality Jesuit education for which Le Moyne is known,” said College President Fred P. Pestello, Ph.D. “This gift will enable Le Moyne to fund key components of our OneLeMoyne initiative, and will have a profound impact on strengthening the quality of a Le Moyne education.”
The $4 million gift brings the total amount raised during the College's Achieving New Heights capital campaign to more than $90 million, nearly double the campaign's stated goal of $50 million. “What is particularly impressive is that this campaign success is coming during a time of economic distress and declining philanthropy,” said Pestello. “It speaks volumes about the importance and value of what takes place here on campus. Our generous donors realize that the world needs Le Moyne graduates more than ever before."
Click here to view a video of the announcement.
The donation is surpassed by only two other gifts in the College's history:
1. A $50 million gift, from the estate of Bob and Kay McDevitt, announced in November 2008. That gift, used to establish the McDevitt Endowment, is dedicated to the academic areas of computer science, information processing, physics and religious philosophy. The McDevitts were long-time friends of Le Moyne College.
2. A gift of $5 million from John and Pidge James, both from the class of 1966. The gift from the James, co-chairs of the Achieving New Heights campaign, was the lead gift that served to kick off the campaign in 2004.
Le Moyne College, located in Syracuse, N.Y., offers a comprehensive program of liberal arts, sciences, pre-professional studies and graduate programs in education, business administration, physician assistant studies and nursing. Recognized by The Princeton Review as one of the "Best Colleges in the Northeast" and for 18 consecutive years by U.S. News & World Report for its quality and value, Le Moyne is one of 28 Jesuit colleges and universities in the United States, and the first to open as a coeducational institution. Le Moyne’s enrollment is approximately 2,300 full-time undergraduate and 700 graduate students.
#####posted on: 9/15/2009