Wofford meets Reeves Foundation challenge
Friday, February 13, 2004
SPARTANBURG, SC — Wofford College will establish three new endowed professorships after raising a total of $3 million, including an initial $1 million challenge by the Reeves Foundation.
The announcement was made today (Monday, Feb. 16, 2004) during the Trustee Development Committee meeting, preceding Tuesday’s meeting of the Wofford Board of Trustees.
In 2003, the Reeves Foundation of Summit, N.J., pledged a $1 million gift to Wofford College to establish the professorships. The gift was in the form of a challenge in which Wofford was required to raise a minimum of another $2 million toward the additional professorships.
“Meeting the million-dollar Reeves Challenge is a remarkable achievement,” says Dr. Benjamin B. Dunlap, president of Wofford. “The gifts came from many donors who recognize that our greatest asset at Wofford is our academic program and that new professors mean new and enhanced learning opportunities for our students. These professorships will be designed to maximize the impact on our curriculum. This is, in short, a very exciting time to be a student at Wofford,” he adds.
With these three additions, Wofford now has 15 endowed chairs and professorships.
Ed Reeves, president of the Reeves Foundation and a member of the Wofford College board of trustees, says, “We are pleased with the successful completion of this challenge. The Wofford effort has surpassed our goal. Working together, Wofford and the Reeves Foundation have partnered in all phases of a capital campaign – buildings, including the Reeves Tennis Center; endowed scholarships and endowed professorships – balancing our resources to enhance Wofford College.”
Marion Peavey, Wofford senior vice president for development and college relations, notes that the Reeves Challenge enabled the college to not only gain three new endowed professorships, “but it allows us to build momentum toward our overall goal of raising funds for at least 25 new faculty positions over the next five years. In response to the Reeves Challenge, more than 50 donors made contributions to the $2 million in matching funds the challenge required.”