Hendrix College has been awarded a $2 million challenge grant from the Mabee Foundation.
The Mabee Foundation grant will support the launch of the College’s Residence Hall Renewal Project, which includes the renovation of historic Martin and Veasey Halls in the core of the Hendrix campus.
“We are so grateful to the Mabee Foundation for its longtime support. This challenge grant will be a critical catalyst for completing the renovation of two historic residence halls that hold a special place in the hearts of Hendrix alumni and are absolutely integral to the campus experience of our students,” said Hendrix President Ellis Arnold. “We are honored by the confidence and support of the Mabee Foundation. Throughout the years, their generosity has enhanced the academic and residence life experience for every student at Hendrix.”
The $9.2 million Residence Hall Renewal Project, which will begin in late May, is part of A Time to Lead, the College’s $150 million campaign. To complete the Mabee Challenge, Hendrix must raise $1.7 million by April 15, 2022.
Last fall, Hendrix announced that it had surpassed its original $110 million campaign goal more than a year ahead of schedule. In November, Hendrix received a $15 million gift from the Windgate Foundationand expanded its campaign goal to $150 million. The campaign now stands at $133 million and will extend to 2023.
About the Mabee Foundation
The Mabee Foundation was formed in 1948 by John and Lottie Mabee. Hard workers, innovative entrepreneurs, and shrewd investors, they built an impressive business and were gracious and generous as they shared their financial blessings with others through various forms of philanthropy. Since its inception, the Mabee Foundation has grown to a value of over $1 billion and has made grants totaling over $1.2 billion. Mabee Foundation Challenge Grants have enabled many organizations to finish projects in a timely fashion and, in the process, to build their bases of support in such a way as to help ensure the health of the organizations for the long-term. Learn more at www.mabeefoundation.com.
About Hendrix College
A private liberal arts college in Conway, Arkansas, Hendrix College consistently earns recognition as one of the country’s leading liberal arts institutions, and is featured in Colleges That Change Lives: 40 Schools That Will Change the Way You Think About Colleges. Its academic quality and rigor, innovation, and value have established Hendrix as a fixture in numerous college guides, lists, and rankings. Founded in 1876, Hendrix has been affiliated with the United Methodist Church since 1884. To learn more, visit www.hendrix.edu.