Siloam Springs, Ark. (April 15, 2007) - John Brown University President Dr. Charles Pollard announced at the annual spring board of trustees meeting on Friday, April 13 that the university would launch a new challenge campaign this summer that would add $20 million to the JBU endowment fund for student scholarships and essential programs.
The $20 Million Campaign comes on the heels of JBU’s highly successful $10 Million Challenge for endowed scholarships that was completed in January 2007.
A donor, who wishes to remain anonymous, has pledged up to $10 million in matching funds to initiate a new $20 Million Endowment Challenge for JBU. Funds raised will be matched up to $10 million for all current and deferred gifts designated to new or existing endowed scholarships and for endowing important programs across campus. JBU has five years to raise their $10 million portion in order to receive the full amount of matching funds. Together, JBU’s raised funds and the matching funds will add $20 million to JBU’s endowment.
“We are thrilled and deeply grateful for this challenge to raise endowed funds for student scholarships and key programs on campus, Dr. Charles Pollard, president of JBU, said. “This endowment challenge will help us keep JBU affordable for students and enhance the excellence of the program that we offer them. It is a great blessing.”
At least 50 percent of the $20 Million Challenge will be reserved for new or existing endowed student scholarships, which could include scholarships for both undergraduate and graduate students who meet specific scholarship criteria.
Depending on donor interest, other funds raised by the $20 Million Challenge have the potential to endow: faculty development grants; the discipleship program within the Office of Christian Formation; scholarships and program costs for JBU’s new undergraduate leadership program; and the expansion of programs offered by the Center for Relationship Enrichment (CRE). (See Fact Sheet for detailed information on these key programs.)
“We believe that this challenge will provide encouragement to alumni and friends of JBU to establish or add to existing endowed scholarship and endowed program funds at JBU,” Dr. Jim Krall, vice president for university advancement said. “It is a rare opportunity that gives alumni and friends a chance to double their endowment gift and we are thankful for this challenge.”
JBU will not actively begin fundraising for the $20 Million Challenge until July 2007. JBU is in the last stages of raising $6 million for its Cathedral Project to renovate and clad the exterior of the university’s Cathedral Group (Cathedral of the Ozarks, Art, and Engineering buildings) with limestone. The Cathedral Group project is 87 percent funded with a goal of completing funding by the end of June.
To speak with Jim Krall about contributing to the $20 Million Challenge or other JBU projects, call (479) 524-7145.
John Brown University is a private Christian university, ranked sixth by U.S. News & World Report in the Southern Region. JBU enrolls more than 2,000 students from 40 states and 45 countries. JBU is a member of Arkansas’ Independent Colleges & Universities and the Council for Christian Colleges & Universities.