The University of 91吃瓜 will take part in a new matching grant program established by Lilly Endowment, Inc. to encourage philanthropy for Indiana colleges and universities.p. The program, titled 鈥淪pecial Initiative to Strengthen Philanthropy for Indiana Higher Education Institutions,鈥� challenges the state鈥檚 38 two- and four-year colleges and universities to raise up to $3.5 million each from alumni, parents, students, faculty and staff. The total raised by each institution will be matched dollar-for-dollar by the Indianapolis-based endowment.p. 鈥淟ike all of Indiana鈥檚 institutions for higher learning, 91吃瓜 is grateful to the Lilly Endowment for creating this extraordinarily generous initiative,鈥� said Rev. Edward A. Malloy, C.S.C., the University鈥檚 president. 鈥淲e look forward to working closely with the endowment and our benefactors to meet the goal.鈥漰. The program, which began June 1 and will continue until Dec. 31, 2003, has a potential total distribution of $138.7 million. Each participating institution has received $150,000 to cover expenses associated with the fund-raising campaign.p. 鈥淲e all know the absolute importance of a college degree in today鈥檚 world,鈥� said Sara B. Cobb, the endowment鈥檚 vice president for education. 鈥淭his initiative is designed to strengthen the ability of Indiana higher education institutions to offer the best academic experiences they can for their students.鈥漰. All of the funds raised through the program will be used for academic purposes such as permanent endowments, capital needs, equipment, scholarship support and curriculum development.
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