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Centennial Campaign reaches milestone, closer to $200 million goal

Reed College President Colin Diver announced that the Reed College Centennial Campaign surpassed $185 million toward its $200 million goal. “We are grateful for the very generous support from more than 7,000 alumni and an additional 4,000 friends,” said Diver.

The campaign received early momentum in November 2007 through a $10 million commitment by Reed Trustee Dan Greenberg ’62 and his wife, Susan Steinhauser, who were already significant supporters of the college. A second leading gift was received in 2009 with a $20 million bequest from the estate of famed fantasy/science fiction writer David Eddings ’54.

Last week, the campaign received another $14 million from two remarkable sources. When long-time Reed biology professor and scientist Helen Stafford passed away in August, Reed knew it was the primary beneficiary of her estate, but received first distribution of a bequest that will total more than $8 million. The bulk of the gift will provide financial aid to students otherwise unable to attend Reed, and $1 million will support the biology department.

The other gift was from long-time college friend Jack Dawkins and his late wife, Jean, who created a charitable trust that will provide over $6 million in unrestricted endowment to the educational program. Jack and Jean, who are not graduates of Reed, came to love and support the college through the experience of their late son Robert ’79.

“These are only four of more than 11,000 stories of generosity that have animated this campaign and the college over its remarkable hundred-year history,” said Vice President of College Relations Hugh Porter. “This tremendous support has helped Reed meet many of the campaign’s goals.”

To date, Reed’s Centennial Campaign has achieved the following:

    •    Added over $60 million in additional endowment to the college’s need-based financial aid program.
    •    Provided support for 13 new full-time faculty positions.
    •    Helped fund the construction of a new performing arts building that will house the music, dance and theatre departments.
    •    Supported the construction of additional residence halls, to increase the percentage of students living on campus.
    •    Expanded funding for research conducted by students and faculty.
    •    Provided over $42 million of unrestricted gifts to respond to immediate needs and allow future innovation.