Challenge grant matched, extendedPosted March 30, 2011
Generous ACU friends and alumni have met a $50,000 anonymous gift challenge with more than a week to spare, inspiring a pair of anonymous donors to extend the challenge with a combined $45,000 in matching gifts.
The donors have offered a 1:1 match up to $45,000 for any gifts or pledges made to ACU's Exceptional Fund through April 30. (There is no minimum requirement for gifts; the maximum limit per gift is $2,500. Matching corporate or foundation gifts are not eligible for this challenge.)
The Exceptional Fund, formerly known as the Annual Fund, provides operating funds for the university on an annual basis. It provides money for student scholarships, exceptional faculty and the innovative programs that have made ACU a No. 1 Up-and-Coming University, according to U.S. News and World Report.
With six days until the original March 31 deadline, ACU's supporters had given $59,272.07, meaning the new challenge has already matched nearly $10,000 of its $45,000 goal.
In reaching that total, 718 donors committed to giving to the Exceptional Fund, including 124 who had never before given to ACU.
Successful completion of the extended challenge will mean nearly $200,000 for ACU's students. Gifts and pledges can be made at the online giving page.
"This is a tremendous blessing for ACU and its students to have met the initial challenge," said Phil Boone, vice president for Advancement. "I am so grateful for the faithful, committed friends and alumni of ACU, who never fail to support exceptional, Christ-centered education."