Kresge Foundation issues $1.5 million challenge grant for Centennial Complex
Trustees of the Kresge Foundation—the nation’s most prominent philanthropy dedicated to funding nonprofit building projects—on March 22, 2006, approved a $1.5 million challenge grant for Loma Linda University’s Centennial Complex campaign.
The grant is conditional upon the University raising a remaining balance of $6 million in philanthropic support from individuals, as well as other foundations and corporations.
“The challenge grant approved by the Kresge Foundation is pivotal,” says Richard H. Hart, MD, DrPH, chancellor of the University.
“The planning and design of the Complex comes at a most appropriate time for the University and its students,” Dr. Hart adds. “The Complex looks forward to an anticipated on-campus enrollment growth of 25 percent, from the current 4,000 to 5,000 students by the year 2010. Our students are quite adept at using up-to-date communication technology. Therefore, the Complex is designed to integrate these skills into the learning process.”
The Kresge Foundation, with $3 billion in assets, provides grants to nonprofit organizations as a catalyst for their growth, with the goals of strengthening the connection of these organizations with their stakeholders and stimulating greater support through challenge grants.
Grant recipients must have raised significant initial funds toward their respective projects before applying for Foundation support. Kresge grants are then approved on a challenge basis, requiring the raising of a remaining balance as a condition of the grant being issued.
“The Foundation’s challenge grant is an expression of confidence in the University for its efforts to provide up-to-date facilities to serve students well into the future,” says Dr. Hart, “and for the implementation of a solid fundraising program. We could not overstate how pleased and grateful we are at the Kresge Foundation’s approval of its generous challenge grant.”
Groundbreaking for the Centennial Complex took place on April 7, 2006, as part of Loma Linda’s centennial celebrations. Site preparations for the Complex have already begun, and major construction is slated to begin in the fall of this year, with completion of the new facility expected in the fall of 2008.
Merging leading-edge communication technology with the teaching of health professions, the Centennial Complex represents the future of Loma Linda University teaching and learning. Key elements of the Complex will include one of the nation’s foremost anatomical sciences centers, a clinical performance and assessment center, a technological hub—the “nerve center” for making health professions education available anytime, anywhere in the world—an amphitheater center containing two amphitheaters (seating 250 and 350 students, respectively), and a series of “smart” classrooms, laboratories, and other teaching and learning areas.
Fundraising for the Complex has moved forward with gratifying progress, as many alumni and friends—as well as corporations and foundations—have responded with generous philanthropic commitments to the new, state-of-the-art facility.