COA announces $32 million capital campaign

By Bill Trotter, BDN Staff
Posted Dec. 06, 2011, at 7:34 p.m.

BAR HARBOR, Maine — College of the Atlantic officials announced Tuesday that the school is pursuing its largest capital campaign since the environmentally minded college was founded 42 years ago.

COA has set of goal of raising $32 million and already has secured commitments for $26 million, college officials indicated Tuesday in a prepared statement. Included in the $26 million is nearly $10 million that COA officials say will go toward a $12 million scholarship funding goal. More than 85 percent of COA’s approximately 300 students are on scholarships.

Of the nearly $10 million secured for scholarship funds, $6 million is in the form of a commitment by Shelby and Gale Davis from the Davis United World College Scholars program.

Within the overarching $32 million goal, COA hopes to raise $8 million for faculty support, $7.5 million for academic programs, $2 million for global engagement, $1.5 million for building infrastructure, and $1 million for campaign costs.

Bill Foulke, chairman of COA’s board of trustees, said in the statement that the campaign is aimed at enhancing the college’s core strengths for both students and faculty.

“Unlike many [college or university] campaigns which focus on buildings and sports arenas, COA’s Life Changing World Changing Campaign supports the growth of the academic program and keeps tuition affordable,” Foulke said in the statement.

Darron Collins, COA’s new president and a 1992 graduate of the school, said COA officials have been impressed by the enthusiastic and generous response the campaign has received.

“Such an early success — before even announcing the campaign — proves that COA’s hands-on, experiential, interdisciplinary approach is becoming increasingly recognized as the essential approach necessary to enable students to take on the complicated challenges of our evolving world,” Collins said in the statement.

More information about the campaign’s fundraising goals can be found on the COA website.

http://bangordailynews.com/2011/12/06/news/hancock/coa-announces-32-million-capital-campaign/ printed on December 27, 2014