Husson University Raises $38 Million for New Building
Council member Husson University has completed its first comprehensive capital campaign, announcing $38 million in cash and pledges to fund the construction of a new building for the Bangor-based university’s College of Business.
The campaign initially only had a goal of $21 million, but trustees increased the goal to $30 million folllwing an impressive $16 million showing from the university’s alumni. This includes a $4 million matching gift from the Harold Alfond Foundation—the largest single gift in the school’s history. Along with construction for the new business school building will come the creation of 51 new endowed scholarships, providing more opportunities for student financial aid. The campaign also strengthened the university’s endowment, contributing to increased financial stability for years to come.
“This successful campaign has made it possible for us to better support the success of our students and serve as a catalyst responsible for the economic future of our state,” said Robert A. Clark, Ph.D., president of Husson University. “There is no greater calling for any institution than the transformation of students’ lives and the education of our future leaders.”
The Council congratulates Husson University on a remarkably successful campaign, and its work to lead in affordable, quality higher education. Read more in Central Maine