2007. 10. 11.
The College is issuing a special newsletter today to share three historic announcements I made about Albertson College of Idaho today.
While many of you have benefited from a wonderful education at the College of Idaho, you are also probably aware that over the years the College has struggled financially. The College set a goal many years ago to have a $100 million endowment and enrollment of 900 to 1,000 students. In the last three years we have made incredible progress and we are on track to reach this goal. We could not have done this without the support and patience of our alumni, faculty, staff and students, and the generous support of the J.A. and Kathryn Albertson Foundation.
My first announcement is that the J.A. and Kathryn Albertson Foundation has made a major gift to the College that will help us continue to provide the same high-quality education and personal experience that you enjoyed. They have given us $50 million – the largest gift ever given to a college or university in Idaho. Including this latest gift, they will have given us $72 million in cash in the last three years, which is the sixth largest gift ever given to a private liberal arts college in the United States. This gift provides the College with the financial resources necessary for long-term stability and provides the lead gift for a comprehensive campaign to improve our campus, create new opportunities for faculty and students and offer more scholarships.
The comprehensive campaign is my second announcement: We will be launching a $175 million comprehensive campaign. The details are still being discussed, but we want to renovate our science hall, add endowed chairs and professorships, increase scholarship money and support important opportunities for students such as international travel, debate, Model U.N., and a distinguished lecture series. You will hear more about this in the future.
There is one more thing to announce. When we changed the name of the College 16 years ago, it deeply affected many of our College of Idaho alumni. The effect of the name change and the alumni response to it were included in a report commissioned by the J.A. and Kathryn Albertson Foundation last spring. The report didn't make any specific recommendations about the College's name, but it sparked a discussion between the Foundation and the College. As a result, the Foundation and the College mutually decided to return to the College's original name The College of Idaho, and of course remain Idaho's only liberal arts college.
We are thrilled about this return to our heritage, the opportunity to unite our alumni, and our ability to provide more for faculty and students. At the same time, we understand that you probably have questions. We have some Questions and Answers on our homepage: www.collegeofidaho.edu. If you don't see your question, click the Ask Bob icon and we'll get you an answer.
We are extraordinarily excited about the changes and look forward to a new era at The College of Idaho, while at the same time maintaining the extraordinary features of our campus great students challenged and supported by a wonderful and committed faculty.
The College of Idaho