Conwell: Campaign Counting on Corporate Support

Posted: Updated:
(Image courtesy of Rose-Hulman Institute of Technology.) (Image courtesy of Rose-Hulman Institute of Technology.)
TERRE HAUTE -

The president of Rose-Hulman Institute of Technology says non-alums and corporate partners will be key to the success of a $250 million fundraising campaign, which kicked off its public phase today. Jim Conwell says companies around the world need workers who can adapt to industry changes "we can't even begin to predict," and says The Mission Driven Campaign for Rose-Hulman will help put the faculty and facilities in place to produce those students. The school says the largest portion of the funds raised will go toward student scholarships and financial aid.

Rose-Hulman says it has already brought in about $165 million through the private phase of the campaign. In addition to $100 million for student scholarships and financial aid, the campaign looks to raise $85 million for new educational approaches and technologies, $50 million for new spaces to expand networking and learning and $15 million for faculty support and collaborative academic programs.

Conwell says, while much of the support so far has come from alums, and he expects that to continue, non-alums and corporate partners have also given support because they value what Rose-Hulman contributes to their workforce. As an example, he says more than 250 companies came to the campus last week for a career fair. Conwell says most of them are "global, large companies" with some making job offers on-site.

One of the campaign's lead gifts did come from an alum: Michael Mussallem and his wife Linda contributed $9 million to renovate the school's student union, which was dedicated in May. An anonymous donor committed $15 million for the institute's new academic building. Officials broke ground on the $29 million project, the first new academic building on campus in 20 years, on Friday. Construction is expected to be complete ahead of the 2021-2022 academic year.

In an interview with Inside INdiana Business, Rose-Hulman President Jim Conwell described the need for the funding.
  • Perspectives

    • The Race for a Winning Credit Score

      It’s May in Indy and the sound of revving racecar engines signals good times to come. But try to keep your spending under the yellow flag. Overspending on credit cards during the festivities could turn that May engine roar into a dreaded credit score “dent” come June. That’s not a great way to kick off summer. Here’s what to watch out for so your credit score will be a winner! FICO Credit-Scoring System The FICO (Fair Isaac Corporation) is the most...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (photo courtesy Parkview Health)

      Hoosier Hospitals Among 'Best Places to Work in Healthcare'

      Seven Indiana hospitals are featured on Modern Healthcare’s list of Best Places to Work in Healthcare. The publication says honorees on the list were selected for their ability to “stand out in their efforts to create an empowered and satisfied workforce.” 

    • Indiana Rail Operator to be Acquired

      The owner of several Hoosier short-line railroads will soon be under new ownership. Illinois-based Pioneer Railcorp has announced an agreement to be acquired by BRX Transportation Holdings LLC.

    • (rendering courtesy PTS Diagnostics)

      New Headquarters to Open in Whitestown

      Medical device manufacturer PTS Diagnostics will today open its new global headquarters in Whitestown to all Indianapolis-area employees. The 135,000-square-foot facility will feature expanded manufacturing and office space to accommodate a majority of the company's current 240 employees as well as several open positions.

    • Photo courtesy of the Ball State University Alumni Association

      Ball State Alumni Association President Dies

      The executive director, president and chief executive officer of the Ball State University Alumni Association has died. Ed Shipley spent 34 years working for the university, 31 of which were with the Alumni Association.

    • Developer Invests in Indy Internet Provider

      Indianapolis-based real estate developer Milhaus has announced a $5 million investment with a high-speed Internet service provider in Indy. Milhaus says the capital investment with Xiber LLC will have a specific focus on sales, customer support and executive leadership. Tadd Miller, chief executive officer of Milhaus, says the investment is the latest step in a more than three-year-old relationship between the two entities.  Miller says his company had been looking for a...