Carleton College Receives $50 Million Gift From Alumni, Family

Carleton College Receives $50 Million Gift From Alumni, Family

in Northfield, Minnesota, has announced a $50 million commitment from alumnus and trustee Wallace Weitz ('70) and his wife, Barbara Veach Weitz ('70), and their children.

Kicking off the public phase of the $400 million campaign, the most ambitious fundraising effort in the school's history, the gift will support four campaign goals: raise $150 million for the school's endowment and provide more than $7.5 million in additional financial aid annually; raise $159 million for innovative new science and music spaces and to provide career-long support for faculty members in the lab, the classroom, and beyond; raise $35 million to enhance access to hands-on experiential learning opportunities for students; and strengthen the school's annual fund.

For the past three years, the college has secured a number of leadership gifts for the campaign, including $315.7 million in commitments during the campaign's quiet stage. In addition, every trustee has made a gift to the campaign, accounting for more than $100 million of the total, while 57 percent of alumni have made either a financial commitment since the campaign began or volunteered in some capacity.

"Our trustees are extraordinarily generous and 100 percent committed to Carleton," said Steve Poskanzer, the school's president. "We could not undertake such a historic campaign without them, and without the help of every Carl and friend of Carleton."

"." Carleton College Press Release 10/27/2018.