Hendrix College has received a $15 million gift from the Windgate Foundation, the largest outright gift in Hendrix’s history.
“We are grateful for the support of the Windgate Foundation,” said Hendrix President W. Ellis Arnold III. “More than ever, it is critical that we continue moving forward, to meet today’s challenges and to continue to be a leader in higher education in the future.”
[This $15 million gift from the Windgate Foundation surpassed the previous largest non-estate gift of $11 million, making it the second largest gift overall. The $26 million gift from the estate of Mary Ann Dawkins in 2015 remains the largest gift of any nature in the College’s history.]
This year, the College surpassed its $110 million campaign goal a year ahead of schedule with $114 million in gifts and pledges. The campaign, which was scheduled to end in 2021, will be expanded to $150 million and will extend to 2023. The campaign now stands at $129 million.
“During this campaign, thanks to the support of alumni and friends of the College, we have strengthened the academic and student life experience with new programs and initiatives,” said Arnold. “We have added new facilities that celebrate the residential experience and support student recruitment, and we have continued to make Hendrix more affordable and accessible for students and families.”
This spring, as part of the campaign expansion, Hendrix will launch a multimillion-dollar Residence Hall Renewal Project, beginning with renovations of Veasey Hall. Fundraising efforts for the project will also support renovations of historic Martin Hall.
In addition, the expanded campaign will seek additional funds for the College’s endowment. $10 million of the Windgate gift will provide endowed scholarships for Hendrix students.
“These priorities – the Residence Hall Renewal Project and increasing the College’s endowment – will support student recruitment and retention,” said Arnold. “They will keep Hendrix accessible and affordable to students and families, and they will ensure that Hendrix remains one of the country’s leading liberal arts colleges for academic quality, innovation, and value.”
The expanded Hendrix campaign will be called A Time to Lead: The Campaign for Today and Tomorrow.
“The time for Hendrix to lead is now. We know that many students and families are concerned by the cost of higher education today,” said Arnold. “That is why we recently announced a tuition reset and lowered our tuition by 32% for new students.”
“We also know that our current students’ residential experience at Hendrix was disrupted by COVID-19,” he said. “That is why – in addition to our tuition reset for new students – we developed a tuition-free fifth year program for current students to provide the opportunity to have a complete residential student experience at Hendrix.”
Arnold added that these recent offerings are just two examples of how Hendrix is leading today. “We must continue to lead in quality, innovation, and value,” he said. “The Residence Hall Renewal Project will reinforce the vital role of the residential campus experience at Hendrix and growing our endowment will strengthen the College’s financial position to support students today and tomorrow.”