Kresge Foundation Pledges $1 Million
Siloam Springs, Ark. (January 12, 2007) — John Brown University officials announced that The Kresge Foundation has pledged a $1,000,000 challenge grant toward the major renovation of JBU’s historic Cathedral of the Ozarks, Art building and Engineering building on its main campus in Siloam Springs.
“Receiving a grant from The Kresge Foundation is a great honor for JBU,” Dr. April Moreton, director of foundation and corporate relations, said. “The proposal process is lengthy and complex. The Kresge Foundation grants are highly competitive and we are grateful that JBU’s proposal met their rigorous criteria.”
Renovations to the three buildings, commonly called the Cathedral Group, will cost an estimated $6.1 million. To date, JBU has completed 62 percent of the $6.1 million renovation goal from challenge grants and pledges from the Chapman Trusts, Mabee Foundation as well as alumni and friends. JBU has until December 2007 to complete its fundraising efforts in order to receive The Kresge Foundation challenge grant.
“The Kresge Foundation challenge grant comes at a crucial time in this campaign, and we deeply appreciate it,” Dr. Charles W. Pollard, JBU president, said. “The Kresge Foundation makes these challenge grants in order to encourage nonprofit organizations to expand their financial support. They recognize that every gift counts for charitable organizations. Over the next several months, we will be making a broad appeal to alumni and friends of JBU to meet this challenge and support this critical project of restoring the three historic buildings on campus.”
To preserve the future of the Cathedral Group, JBU is raising funds to renovate the buildings and complete the external surfaces of the buildings that were constructed over 50 years ago. Funds raised will also allow JBU to remodel interior classrooms and offices, further preserve the Cathedral’s stained glass windows, replace the roofs of all three buildings, update the heating and air conditioning systems, install new restroom facilities in the Cathedral and make other necessary repairs.
“We are very grateful for The Kresge Foundation challenge grant and the encouragement it will be for friends and alumni of JBU to get involved with the renovation of these key campus facilities,” Dr. Jim Krall, vice president for University Advancement, said.
The Kresge Foundation is an independent, private foundation created by the personal gifts of Sebastian S. Kresge. It is not affiliated with any corporation or organization. As of December 2006, The Kresge Foundation had awarded 205 grants for a total of $146,187,060.
If you have any questions about this campaign or would like to contribute, contact Jim Krall in University Advancement at (479) 524-7145.
John Brown University is a private Christian university, ranked sixth by U.S. News & World Report in the Southern Region. JBU enrolls more than 2,000 students from 40 states and 45 countries. JBU is a member of Arkansas’ Independent Colleges & Universities and the Council for Christian Colleges & Universities.