October 27, 1997

Middlebury College Announces Launch of $200 Million Capital Campaign: Largest Fundraising Effort Ever Coincides with Continued Growth of College, Culminating in College's 200-Year Anniversary

John M. McCardell, Jr., president of Middlebury College, recently announced at a College event that Middlebury is launching a campaign to raise $200 million-the largest capital campaign in the school's history and one of the biggest fundraising efforts ever initiated by a college of Middlebury's size. McCardell said that during the planning phases of the campaign, the College has raised $80 million of the $200 million goal. Called the Bicentennial Campaign, the fundraising effort will culminate in the year 2000, when Middlebury College celebrates the 200th anniversary of its founding.

According to McCardell, "Middlebury College has never been stronger. Applicant numbers are at an all-time high and the College's international reputation for academic excellence is growing. This fundraising goal is a bold one, but it is within our reach and it will ensure that the Middlebury of the future will be even stronger than the Middlebury of today."

Claire Gargalli, chair of the College's board of trustees, said that Middlebury already has received four gifts of approximately $5 million: $5 million from Mr. and Mrs. David Jones of Louisville, Ky., for the Language Schools; $5 million from Louis Marx of New York City for enhancement of the sciences; a third anonymous gift of like amount; and a $4.7 million grant from The Andrew W. Mellon Foundation to facilitate the collaborative development of technology-enhanced language instruction among 62 liberal arts colleges.

"With such generous donors stepping forward so early in the campaign, I'm very confident that it will be a success," said Gargalli.

Of the $200 million goal, the College plans to allocate $50 million towards the academic program; $50 million to construction and renovation of facilities; $35 million to endowed scholarships; $30 million to endowed professorships; and $35 million to current operations.

The Bicentennial Campaign coincides with the continuation of the College's current phase of growth. Middlebury has been gradually increasing the size of its student body and will expand each entering class until the current number of approximately 2,000 students enlarges to 2,350 by the year 2002. The College is reviewing all aspects of student residential life to pursue the opportunities for improvement that this growth may present.

Middlebury will continue to grow in other areas as well. An increase is taking place in the size of the faculty, which will enlarge by 30 members by the year 2002. The College also is involved in several construction and renovation projects now taking place across the campus. Earlier in the day of his announcement of the Bicentennial Campaign, McCardell presided at the groundbreaking ceremony for Bicentennial Hall, a new science center and one of a number of current College building projects that include a hockey rink and several student residences.