Hendrix College lands $15 million gift from Windgate Foundation, largest in school history
by November 20, 2020 9:03 am 709 views
Hendrix College has received a $15 million gift from the Windgate Foundation, the largest outright gift in Hendrix’s history.
“We are grateful for the support of the Windgate Foundation,” said Hendrix President W. Ellis Arnold III. “More than ever, it is critical that we continue moving forward, to meet today’s challenges and to continue to be a leader in higher education in the future.”
This year, the Conway-based private liberal arts college surpassed its $110 million campaign goal a year ahead of schedule with $114 million in gifts and pledges. The campaign, which was scheduled to end in 2021, will be expanded to $150 million and will extend to 2023. The campaign now stands at $129 million.
“During this campaign, thanks to the support of alumni and friends of the College, we have strengthened the academic and student life experience with new programs and initiatives,” said Arnold. “We have added new facilities that celebrate the residential experience and support student recruitment, and we have continued to make Hendrix more affordable and accessible for students and families.”
This spring, as part of the campaign expansion, Hendrix will launch a multimillion-dollar Residence Hall Renewal Project, beginning with renovations of Veasey Hall. Fundraising efforts for the project will also support renovations of historic Martin Hall.
In addition, the expanded campaign will seek additional funds for the College’s endowment. $10 million of the Windgate gift will provide endowed scholarships for Hendrix students.
“These priorities – the Residence Hall Renewal Project and increasing the College’s endowment – will support student recruitment and retention,” said Arnold. “They will keep Hendrix accessible and affordable to students and families, and they will ensure that Hendrix remains one of the country’s leading liberal arts colleges for academic quality, innovation, and value.”
Hendrix recently reduced its annual tuition by 32% in order make college more affordable for students. This fall, the school has been online-only with instruction due to COVID-19.