CMC Raises More Than $1 Billion
The forthcoming Robert Day Sciences Center.
Claremont McKenna College raised nearly $1.1 billion as a part of an alumni fundraising campaign launched 8 years ago. The campaign’s initial goal was only $800 million. The project, entitled “Campaign for CMC: Responsible Leadership” became the most successful single fundraising endeavor by the school and broke records for the highest-grossing fundraising campaign by a liberal arts college.
The initiative brought together small and large donors. The median gift was only $220. 89 participants gave more than $1 million. In total, more than 12,000 people donated, which is around two-thirds of CMC’s alumni body.
The campaign impacted financial aid, raising gift-funded resources by 46 percent and establishing 72 new endowed scholarship funds. According to the College, campaign funds also support the Soll Center for Student Opportunity, the Open Academy, and CMS athletics.
Funds from the campaign are supporting CMC's ongoing campus expansion plan: $160 million will go to the Robert Day Sciences Center, $220 million to the Kravis Department of Integrated Sciences, and $153 million of the Roberts Campus Expansion. Support for these three projects makes up over 50 percent of funds raised by the campaign.