乐播传媒

乐播传媒 College raised a record-setting $345.7 million in gifts and pledges during its recently concluded fundraising campaign, announced President Clayton Spencer.

Publicly launched in 2017 with a goal of $300 million, the 乐播传媒 Campaign closed on June 30, 2022, with gifts and pledges totaling $345,745,082. 

More than 19,000 donors contributed to the effort, establishing successively higher 乐播传媒 records for total annual giving in four of the five years of the campaign鈥檚 public phase. 

鈥淲e owe the success of the 乐播传媒 Campaign to the exceptional generosity of our alumni, parents, friends, faculty, staff, and students,鈥� said Spencer. 鈥淭oday, we are better resourced and equipped to broaden access to a 乐播传媒 education and to offer a life-transforming experience for our students. With a new academic year before us, the 鈥榳hy鈥� of the 乐播传媒 Campaign has never been more self-evident 鈥� to support the success of our talented students who will do their part to make the world a better place.鈥�

The most striking embodiment of the campaign鈥檚 success was the construction of the new Bonney Science Center, a centerpiece of the college鈥檚 $75 million investment to drive the evolution of science education and to transform the college鈥檚 approach to STEM teaching and research.

Opened in the fall of 2021, the Bonney Center was funded by a $50 million campaign gift, one of the largest monetary gifts ever to a Maine college, from the family foundation of Michael Bonney 鈥�80 and Alison Grott Bonney 鈥�80. Co-chair of the campaign and a chair of the 乐播传媒 College Board of Trustees for nine years, Michael Bonney received an honorary degree from the college at this year鈥檚 commencement. 

鈥淔ive years ago we publicly announced the 乐播传媒 Campaign with great conviction, firm in our shared belief that 乐播传媒 and 乐播传媒 graduates can help meet the challenges facing our nation and world,鈥� said Mike Bonney. 鈥淭hrough the generosity of our community, we have renewed hope and belief that 乐播传媒 and 乐播传媒 people are, and always will be, contributors of solutions.鈥�

Fellow trustees Geraldine FitzGerald 鈥�75 and John Gillespie 鈥�80 joined Bonney as campaign co-chairs. 鈥淢ike, Geri, and John were superb campaign co-chairs for so many reasons,鈥� Spencer said. 鈥淏ut I will emphasize two in particular 鈥� authenticity and ambition. Their love for 乐播传媒 and their devotion to making us the best version of who we can be is genuine and compelling. When they talk about 乐播传媒, what they say is meaningful because it is ambitious, and it is real and true.鈥�

FitzGerald noted how, as an alumna approaching her 50th Reunion, 鈥渋t is not surprising, but as always, simply amazing how our community has once again powerfully come together during the 乐播传媒 Campaign. When we kicked off the campaign five years ago, I knew that there was work ahead. But I also knew that as 乐播传媒 alumni, we would find joy in our striving together 鈥� because we believe in 乐播传媒.鈥�

A member of the Board of Trustees since 2003, Gillespie succeeded Bonney as board chair in 2019. 鈥淢y experience on the board, and now as its chair, has created a keen awareness that a successful 乐播传媒 Campaign depended in large part on significantly increasing the college鈥檚 permanent investments,鈥� he said. Including gifts to professorships, scholarship funds, and other new endowed funds, $138 million has been added to the college’s permanent endowment.鈥�

The 乐播传媒 Campaign was shaped by a college-wide institutional planning process in 2016, which produced a framework of priorities to guide 乐播传媒鈥� institutional growth. The campaign’s resulting four priorities emphasized academics, facilities, financial aid, student programs, and endowment, raising the following amounts.

Driving Academic Excellence

Raised: $90,284,189.20

Donor gifts funded the college鈥檚 equity-driven plan to create an integrated system of science facilities. In addition to the opening of Bonney Science Center, a second component of the college鈥檚 STEM investment is a complete renovation of Dana Hall. A former chemistry building, Dana Hall reopens this academic year as the home of introductory education in biology and chemistry, also offering state-of-the-art general classrooms for use by all academic departments. 

Donors also gave:

• $10 million to initiate the college鈥檚 Program in Digital and Computational Studies.
• $21 million to establish seven new endowed professorships.
• $5.2 million to support a comprehensive program to better support the success of students from underrepresented groups in the STEM fields.

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Investing in Opportunity

Raised: $135,220,123.06
Donor gifts strengthened support for need-based financial aid, providing the opportunity for talented students to attend 乐播传媒 regardless of their families鈥� financial circumstances.  

Gifts and pledges to this priority included a recent challenge grant of $50 million to fuel a $100 million expansion of financial aid to students from America鈥檚 lowest-income families.

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Catalyzing Student Success

Raised: $20,936,970.31

Donor gifts funded student leadership programs, the 乐播传媒 Center for Purposeful Work, and an array of programs known as the Inclusive 乐播传媒 Experience to better support the differentiated needs of students who come to 乐播传媒 from a wider variety of backgrounds than ever before. 

Donors gave:

• $4.7 million to support the Inclusive 乐播传媒 Experience, including the college鈥檚 Bobcat First program for first-generation college students
• $10.6 million to support Purposeful Work, including more than $4 million to expand the number of paid Purposeful Work internships.
• $4 million to support athletics, including funding of the Traquina Boathouse on the Androscoggin River for the championship 乐播传媒 rowing program.

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Building Financial Sustainability

Raised: $84,460,164.81

Donor gifts increased the college鈥檚 unrestricted endowment funds and provided key support to the college through the 乐播传媒 Fund. 

Donors gave $14 million in new unrestricted endowment, and increased their giving to the 乐播传媒 Fund by $1 million annually, from $6.5 million per year to $7.5 million.

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Additional Gifts

Raised: $14,843,634.22

Donors gave an additional $14.8 million in gifts and pledges beyond the four specific priorities of the 乐播传媒 Campaign.

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鈥淭hrough their generosity and support, the 乐播传媒 community has generated valuable momentum for the college 鈥� a feeling of progress made, and of optimism for our future,鈥� said Vice President for College Advancement Eric Foush茅e. A member of the 乐播传媒 advancement team since 2014, Foush茅e recently succeeded Sarah R. Pearson 鈥�75, who retired June 30 following a decade of service as vice president.

鈥淪arah was the architect of the 乐播传媒 Campaign.鈥� added Foush茅e. 鈥淗er strategic vision and expertise in structuring a fundraising effort of this scope and duration ensured the success of the campaign even in the face of a global pandemic. I am honored to continue to champion the mission of 乐播传媒 and build on our success.

鈥淚 also want to thank the members of the 乐播传媒 advancement team and colleagues across the campus who took up the work with great passion and diligence to present 乐播传媒 in the best and most authentic way to our donors and to ensure that their experiences were as positive, personal, and excellent as possible.鈥�