MARLBORO COLLEGE CAPITAL CAMPAIGN SETS NEW COLLEGE RECORD
MARLBORO, VT – Marlboro College completed its largest Capital Campaign in its 57-year-history on June 30. When final results were tallied, the five-year effort raised $31.4 million, $5 million more than the initial target set in 1999. In the process, the campaign transformed every aspect of campus life.
A tour of the campus reveals the most visible results. A $3 million addition to the library, which more than doubles its size, is nearing completion; 18 students are now housed in a new dormitory; renovations have added new faculty and staff offices; the removal of the old maintenance building and the building of a replacement has created green spaces; a ring road now connects the east and west sections of the campus; and work has just begun on a $2.3 million music and dance center is scheduled for completion in the fall of 2004.
The campaign also facilitated Marlboro’s satellite operation in downtown Brattleboro, providing $4 million for the purchase of the former Holstein building and transforming it into the Marlboro College Technology Center.
As significant as these visible improvements are, two other infrastructure projects are just as important, if not more so – a state-of-the-art septic field and a new well-and-water distribution system.
Nearly one-half of the campaign funds raised are invested in the college endowment which now stands at $15 million, or the equivalent of nearly $50,000 per student. The earnings from these invested funds are supporting increases in faculty salaries and student financial aid.
A $12 million anonymous contribution, at the time the largest private gift ever received by a Vermont college, set the stage for the successful campaign. Before it was over, more than 700 individual donors and 12 foundations joined in the effort. Local support played a significant role, with gifts from the Freeman Foundation, the Thomas Thompson Trust, and the Windham Foundation.
Last April, with the success of the campaign assured, then President Paul LeBlanc accepted a new challenge as President of Southern New Hampshire University. The college then welcomed back former President Rod Gander to fill the post on an interim basis as the search for a new president goes forward.
Commenting on the results of the Capital Campaign, Gander said, "Marlboro, and the Marlboro philosophy of individual responsibility within a framework of democratic governance, has always occupied a special place in higher education. This outpouring of support from our alumni, parents, and friends is a gratifying affirmation of the value of that role."
"The success of the Campaign is a true accomplishment for Marlboro College and all its supporters, both new and long-standing. I am so proud of the college’s achievements over its short tenure. Marlboro College has contributed greatly to our community and our state,” Thomas Durkin, ‘’79, local attorney and Marlboro Trustee said.