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Kresge Foundation Awards $700,000 Challenge Grant
Posted 4/13/2005
The University of Hartford has been selected to receive a highly competitive $700,000 challenge grant from The Kresge Foundation for the Home Field Advantage athletics fields project.
The University recently announced plans to begin construction this spring on the project, which involves the renovation of the existing soccer and lacrosse field (Al-Marzook Field), the relocation and construction of a softball field, and the construction of a baseball field.
“The Kresge Foundation award is a validation of our recent successes and our vision for the future of this institution,” said University President Walter Harrison. “It is gratifying to know we prevailed through such a rigorous and selective process. I am confident that our alumni and others will respond to the challenge.”
Because it is a challenge grant, the University will need to raise in excess of $2.7 million within the next 18 months in order to receive the $700,000 grant commitment. With The Kresge Foundation award, the University will have raised 60 percent of its $6.68 million goal for the Home Field Advantage campaign.
In 2004, The Kresge Foundation made awards to only 28 percent of applicants (175 of 636). The awards were given to charitable organizations in the United States, Canada, United Kingdom and France. Grants are made to institutions operating in the areas of higher education, health and long-term care, arts and humanities, human services, science and the environment, and public affairs.
Kresge Foundation grants are made toward projects involving construction or renovation of facilities and the purchase of major capital equipment or real estate. Grant recipients have raised initial funds toward their respective projects before requesting Foundation assistance. Grants are then made on a challenge basis, requiring the raising of the remaining funds, thereby insuring completion of the projects.
John E. Marshall, III, president and CEO of The Kresge Foundation, said, “In this cycle of grantmaking, our trustees were pleased to support a range of organizations reflecting almost the entire breadth of the nonprofit sector. This group is responding to the new challenges presented by their communities or sustaining activities that have demonstrated their effectiveness.”
The Kresge Foundation is an independent, private foundation created by personal gifts of Sebastian S. Kresge. It is not affiliated with any corporation or organization.
The University recently announced plans to begin construction this spring on the project, which involves the renovation of the existing soccer and lacrosse field (Al-Marzook Field), the relocation and construction of a softball field, and the construction of a baseball field.
“The Kresge Foundation award is a validation of our recent successes and our vision for the future of this institution,” said University President Walter Harrison. “It is gratifying to know we prevailed through such a rigorous and selective process. I am confident that our alumni and others will respond to the challenge.”
Because it is a challenge grant, the University will need to raise in excess of $2.7 million within the next 18 months in order to receive the $700,000 grant commitment. With The Kresge Foundation award, the University will have raised 60 percent of its $6.68 million goal for the Home Field Advantage campaign.
In 2004, The Kresge Foundation made awards to only 28 percent of applicants (175 of 636). The awards were given to charitable organizations in the United States, Canada, United Kingdom and France. Grants are made to institutions operating in the areas of higher education, health and long-term care, arts and humanities, human services, science and the environment, and public affairs.
Kresge Foundation grants are made toward projects involving construction or renovation of facilities and the purchase of major capital equipment or real estate. Grant recipients have raised initial funds toward their respective projects before requesting Foundation assistance. Grants are then made on a challenge basis, requiring the raising of the remaining funds, thereby insuring completion of the projects.
John E. Marshall, III, president and CEO of The Kresge Foundation, said, “In this cycle of grantmaking, our trustees were pleased to support a range of organizations reflecting almost the entire breadth of the nonprofit sector. This group is responding to the new challenges presented by their communities or sustaining activities that have demonstrated their effectiveness.”
The Kresge Foundation is an independent, private foundation created by personal gifts of Sebastian S. Kresge. It is not affiliated with any corporation or organization.
