Colgate University has announced a groundbreaking $50 million gift from alumnus Peter Kellner, marking the largest single donation in its history. This gift is part of a substantial $105 million contribution from five alumni aimed at supporting the Third-Century Plan, which was initiated during the university's bicentennial celebration in 2019. The transformative plan seeks to enhance faculty quality, increase financial aid, and develop a comprehensive residential commons system for students, with a target of raising $1 billion. The initiative also includes new facilities to enrich student life on campus, underscoring the importance of community and education in residential living.
When President [Brian] Casey began working with the faculty, administration, and trustees on the Third-Century Plan, that really grabbed me-recognizing that it's not going to be done overnight. I wanted to do something that really would have an impact on the university.
Residential life at Colgate plays an important part in the education of our students. In their first and second years, they build community with their classmates. In their junior and senior years, we want that experience to continue even as they build the skills to live independently and to be good citizens after they graduate. I am so grateful for the gifts that have made it possible for Colgate to achieve this vision.
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