The University of Notre Dame will take part in a new matching grant program established by Lilly Endowment, Inc. to encourage philanthropy for Indiana colleges and universities.p. The program, titled “Special Initiative to Strengthen Philanthropy for Indiana Higher Education Institutions,” challenges the state’s 38 two- and four-year colleges and universities to raise up to $3.5 million each from alumni, parents, students, faculty and staff. The total raised by each institution will be matched dollar-for-dollar by the Indianapolis-based endowment.p. “Like all of Indiana’s institutions for higher learning, Notre Dame is grateful to the Lilly Endowment for creating this extraordinarily generous initiative,” said Rev. Edward A. Malloy, C.S.C., the University’s president. “We look forward to working closely with the endowment and our benefactors to meet the goal.”p. The program, which began June 1 and will continue until Dec. 31, 2003, has a potential total distribution of $138.7 million. Each participating institution has received $150,000 to cover expenses associated with the fund-raising campaign.p. “We all know the absolute importance of a college degree in today’s world,” said Sara B. Cobb, the endowment’s vice president for education. “This initiative is designed to strengthen the ability of Indiana higher education institutions to offer the best academic experiences they can for their students.”p. All of the funds raised through the program will be used for academic purposes such as permanent endowments, capital needs, equipment, scholarship support and curriculum development.
TopicID: 2972