wfn.org | Lutheran College $80 Million Fund-Raising Campaign

[ELCANEWS@ELCASCO.ELCA.ORG]

ELCA NEWS SERVICE - NEWSBRIEF

February 11, 1997

$80 MILLION FUND-RAISING CAMPAIGN FOR AUGUSTANA

Augustana College officials announced Jan. 22 "Tradition and
Promise: The Augustana Campaign," an $80 million
fund-raising campaign expected to last through the end of the
century.  Augustana College, Rock Island, Ill., is one of 28
colleges and universities associated with the Evangelical
Lutheran Church in America.  "This is the most ambitious
campaign in the history of Augustana," said Martin Carver, chair
of the Augustana College Board of Trustees.  The campaign will
provide funding for $41.65 million in capital projects, including a
$23 million science building, a studio arts building, new music
facilities added to the Bergendoff Hall of Fine Arts, a student
recreation center, studios for Augustana's WVIK public radio
station, a student services building, and renovations to existing
residence facilities on campus.  In addition, the capital projects
portion of the campaign includes the F.W. Olin Educational
Technology Center, made possible by a $7.5 million grant
announced  in September 1996.  The impact of the over $40
million building program on the Quad Cities economy is
expected to be significant, according to Dr. Thomas Tredway,
president of Augustana.  "In meeting the important physical
needs of the College's future, we are pleased that benefit will
accrue to our home community in the form of construction jobs,
the aesthetic improvement of our campus and the effect on the
local economy of our growing program and budget," said
Tredway.  In addition to the capital projects,  Tredway said the
Tradition and Promise campaign would also generate $34.85
million in endowment resources.  This includes faculty chairs
and professorships, scholarships and lectureships, among
other areas.  Currently the Augustana endowment stands at
roughly $45 million.  "$80 million is an ambitious goal, but it
does reflect Augustana's needs, and it is attainable if we are
diligent in our efforts," Tredway said.

For information contact:
Ann Hafften, Director (773) 380-2958 or NEWS@ELCA.ORG
http://www.elca.org/co/news/current.html