Colby’s Reaching the World fund-raising campaign is now the largest campaign in Maine history.
In May the Board of Trustees approved an increase to $370 million. The previous goal was $235 million in gifts and pledges to be raised by 2010—then the most ambitious campaign in Colby’s history.
This news came on the heels of the announcement of the largest gift in Colby’s 194-year history: The Lunder Collection, which includes more than 500 objects, with 464 works by American masters. The promised gift comes from Peter ’56, D.F.A. ’98, and Paula Crane Lunder, D.F.A. ’98, art collectors and long-time supporters of the College and the Colby College Museum of Art (see related feature).
“Raising the goal is just one indication of how bullish our community is about Colby,” said Joseph Boulos ’68, chair of Colby’s Board of Trustees.
The campaign increase includes fund-raising goals for the construction of a new $6.5-million exhibition space to house the works donated by the Lunders and for establishing a $3-million endowment fund for operation of the new space. The additional square footage, slated for opening in 2013, will make Colby’s gallery space for art the largest in Maine.