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The Kresge Challenge Grant will help the Mount reach its campaign goals.

Mount Receives $1 Million Kresge Challenge Grant

Mount Saint Mary’s University has been awarded a $1 million “all or nothing” challenge grant from The Kresge Foundation. Winning this prestigious grant was an extremely competitive process: The Kresge Foundation has $3 billion in assets and gives grants to nonprofits throughout the world, but typically only one quarter of all applicants receive an award. And, in recent years, less than 20 percent of the Kresge grants were in the million-dollar range.

The foundation’s mission is to strengthen nonprofit organizations that advance the well being of humanity—and with its $1 million award, Kresge has given the Mount community a resounding vote of confidence. “We are particularly impressed with the college’s significant enrollment by first-generation college students of diverse backgrounds and the engagement of your students in community outreach,” said Rip Rapson, president and CEO of the Kresge Foundation. The foundation’s mission is to strengthen nonprofit organizations that advance the well being of humanity.

“Mount St. Mary’s is proud to serve a population that is rare in higher education: ethnically diverse, female, first-generation college students, largely from low income backgrounds,” said Jacqueline Powers Doud, MSMU president.

The challenge grant is designed to help the Mount achieve its Invest in the Mount campaign goals. As of December 31, 2006, the campaign had raised $40 million. To receive the $1 million from The Kresge Foundation, the College community must now meet the “all or nothing" challenge of raising an additional $4 million by June 30, 2008.

Funds raised in the College’s Invest in the Mount campaign are earmarked for scholarships and academic programs, science labs and classrooms renovations, upgrades to student facilities, the construction of a new residence hall and parking structure on the Doheny Campus, and the College’s endowment.
 
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