Hendrix College receives $2 million challenge grant from Mabee Foundation

by Talk Business & Politics staff ([email protected]) 593 views 

Hendrix College in Conway announced Friday (April 16) it has been awarded a $2 million challenge grant from the Mabee Foundation.

The grant will support the launch of the College’s Residence Hall Renewal Project, which includes the renovation of historic Martin and Veasey Halls in the core of the Hendrix campus.

“We are so grateful to the Mabee Foundation for its longtime support. This challenge grant will be a critical catalyst for completing the renovation of two historic residence halls that hold a special place in the hearts of Hendrix alumni and are absolutely integral to the campus experience of our students,” said Hendrix President Ellis Arnold. “We are honored by the confidence and support of the Mabee Foundation. Throughout the years, their generosity has enhanced the academic and residence life experience for every student at Hendrix.”

The $9.2 million Residence Hall Renewal Project, which will begin in late May, is part of A Time to Lead, the College’s $150 million campaign. To complete the Mabee Challenge, Hendrix must raise $1.7 million by April 15, 2022.

Last fall, Hendrix announced it had surpassed its original $110 million campaign goal more than a year ahead of schedule. In November, Hendrix received a $15 million gift from the Windgate Foundation and expanded its campaign goal to $150 million. The campaign now stands at $133 million and will extend to 2023.

The Mabee Foundation was formed in 1948 by John and Lottie Mabee. The foundation has made gifts to the Hendrix campus previously.