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Anonymous $225 million donation launches Centre College’s $450 million campaign
Centre College says an anonymous donor has given $225 million to anchor a $450 million fundraising drive. The Danville school aims to use the campaign to grow its endowment to about $900 million.
Centre College in Danville announced Oct. 19 that an anonymous donor has contributed $225 million, a gift that will anchor the college’s public fundraising campaign, Pillars of Excellence: The Campaign for Centre College.
The college set a total campaign goal of $450 million and plans to double its endowment to about $900 million. The announcement did not identify the donor or provide further details about how the funds will be allocated.
The size of the gift makes it central to the college’s effort to build its financial resources. A larger endowment can provide a continuing source of support for a college, though the announcement did not specify how the campaign’s proceeds would affect students, employees or campus programs.