Madison College announces a major gift and a $3.5 million challenge grant from Great Lakes Higher Education Corporation and Affiliates to complete the construction of the new Madison College South Campus Initiative
During a joint news conference on October 30, 2017, officials from Madison College and Great Lakes Higher Ed Corporation and Affiliates placed the construction of the college’s new South Campus in its entirety on the fast track by sharing details of a contribution to complete the second phase of the project, and a matching grant for the third and final phase.
Dick George, president and CEO of Great Lakes Higher Education Guaranty Corporation, said his organization is committing $3 million to construct the second phase of the project and announced a $3.5 million matching grant to complete the final phase. If funds for Phase Three are raised before August 31, 2019, the company will match them dollar for dollar. “The need for a new South Campus for Madison College has been abundantly established,” George said. “Completing all three phases concurrently will ensure its impact on the south side of Madison, our community and southcentral Wisconsin will be significant and immediate.”
At an August 28, 2017 news conference, Madison College President Jack Daniels spoke of a two-phase project, the first phase of which would be funded by a $10 million donation from the Irwin A. and Robert D. Goodman Foundation, and $1.3 million from the American Family Insurance Dreams Foundation.
At that time, Madison College President, Jack E. Daniels, III, acknowledged that additional donations would be required to build the entire facility. In presentations to other community organizations, he did not commit to a timeline, saying the schedule for the remaining facilities would be determined when funds are in hand.
At the news conference on October 30, 2017, the project was introduced in three phases. The first phase includes purchase of the site currently occupied by the Wisconsin Department of Employee Trust Funds at the intersection of Badger Road and Park Street. Phase Two will increase the usable space to up to 45,000 square feet and include community meeting spaces and additional classrooms. Phase Three will expand the complex to a total approaching 75,000 square feet and include a comprehensive suite of student services, community access to social service and community-based organizations, and additional classrooms and community meeting spaces. Construction will begin in 2018, with anticipated completion in fall 2019.
“Giving to the Madison College Foundation always delivers a favorable return on the investments donors make in educating our students and preparing them for success in their careers and in our community,” said Tammy Thayer, foundation CEO. “This is an historic opportunity to double the impact of tax-deductible contributions toward the South Campus Initiative.”
Please donate now to support this transformative initiative for our community! Act now and our generous donor will match what you give (up to $3.5 million), dollar-for-dollar!