Cabell Foundation issues $1 million challenge grant to VCU Libraries
The Cabell Foundation, known for its generous support of area cultural centers, has issued a $1 million challenge grant to VCU Libraries. Money raised will assist VCU Libraries in fully outfitting and equipping the new James Branch Cabell Library, as well as provide funding for future furniture and equipment needs.
The foundation has challenged VCU Libraries to raise $1 million in new gifts and pledges by June 30, 2017. When VCU Libraries reaches the $1 million goal, the foundation will match gifts and pledges. Half of the funds raised will support the New Building Fund, which fills in the gaps in costs for finishes, furniture and technology needed to outfit the 93,000-square-foot expansion. The other half of the funds will create a permanent Library of the Future Fund, an endowment earmarked to replace worn out, broken and outdated furniture and technology.
To learn how you can help meet this challenge–through a pledge, gift or stock or planned gift–contact Kelly J. Gotschalk (B.F.A.’90/A; M.A.’97/A), director of development and major gifts, at (804) 827-1163 or kjgotschalk@vcu.edu. Pledges and gifts may also be made online. Pledges may be paid over five years.
Categories Fundraising News, The Case Statement, Uncategorized