Saint Joe Launches New Fundraising Campaign

Posted: Updated:
(photo courtesy of Saint Joseph's College) (photo courtesy of Saint Joseph's College)
RENSSELAER -

Saint Joseph's College is taking another step toward reopening its Rensselaer campus. The college, which suspended activities on the campus in 2017 in what was then described as a "dire" financial situation, has launched a fundraising campaign "to cover the expenses of SJC's journey back to health and vitality." The 128 Core Partners effort seeks to raise nearly $4 million over three years.

The college is looking to alumni to contribute to the effort and says 100 percent of the new Board of Trustees has already committed more than $100,000 per year for three years. Saint Joe says if 128 people commit to three years of support, it will provide time to come up with a viable, comprehensive plan to reopen the campus. 

The campaign features tiers of gifts ranging from $500 per year to $250,000 per year. The college says it currently does not have enough revenue to cover all of the campus expenses and, if it cannot raise enough money to cover the revenue shortfall, it will be forced to close the Rensselaer campus within six months.

"Over the past eighteen months, we have accomplished many important goals toward reopening our campus in Rensselaer, including identifying and maintaining a sustainable campus facilities footprint, reaching a restructuring agreement with our lender, and establishing a collaboration in mission with another University," the college said in a Facebook post. "The next step in the rebirth of Saint Joseph’s College, involves investing in our campus to support a successful feasibility study. Our aspirational goal is to expand to Rensselaer as early as 2021-22 with a prominent identity that our alumni can embrace."

You can learn more about the campaign below:

  • Perspectives

    • Startup Spirit Fuels Growth

      As the South Bend - Elkhart Region celebrates a $42.4 million grant from Lilly Endowment Inc., we know that the work to make the best investment with it is really just beginning. The spirit of entrepreneurship has been a vibrant part of our region for decades and the story of our family company could be somewhat of a guidebook for the region as it ventures forward. ITAMCO began as a dream of my uncle Donald Neidig and my father Noble Neidig to have their own business.

    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

    • (Rendering provided by the city of Fishers.)

      Flexware to Break Ground on Headquarters

      Fisher’s based engineering servicing firm, Flexware Innovation Inc., will break ground Thursday on its new headquarters the Nickel Plate District Amphitheater. The $3.5 million project will feature a 35,000-square-foot office building with 12,000-square feet of office space for Flexware and what it calls “a build-to-suit area” in the remaining space. 

    • The Waterside project aims to transform 100-acres of the former GM Stamping Plant site. (photo courtesy of Ambrose Property Group)

      Ambrose, Glick Partner on Waterside

      Indianapolis-based Ambrose Property Group has announced a key partnership for the redevelopment of the former GM Stamping Plant in downtown Indianapolis. The commercial real estate firm is teaming up with the Gene B. Glick Co. to build and manage apartments as part of the $1.4 billion mixed-use redevelopment project. Ambrose says the partnership is also part of plans to catalyze "philanthropic and community-centric strategies to strengthen Indianapolis." The firm also...

    • Photo courtesy of Lafayette Elementary School

      Hammond to Close Three Schools, to Cut Jobs

      The  School City of Hammond board has voted to close three schools and cut 130-150 positions. Our partners at The Times of Northwest Indiana report Columbia and Lafayette Elementary schools, and the Miller School will close after this school year. 

    • Pearl will take the position on May 22

      Bloomington Launches Online Economic Development Tool

      The city of Bloomington has officially launched its new online development tool. The platform will streamline public data for current and prospective business owners and entrepreneurs.

    • (rendering courtesy of Brightmark Energy)

      Construction to Begin on Plastics-to-Fuel Plant

      California-based Brightmark Energy will today break ground on its $260 million plastics-to-fuel plant in the northeast Indiana town of Ashley. The 112,000-square-foot facility, which the company says will be the first of its kind in the nation, is expected to create 136 full-time jobs when fully operational. The plant will use a state-of-the-art process to recycle plastic waste that has reached the end of its useful life, including items that normally cannot be recycled, such as...