Smith College announced Monday that its “Women for the World” campaign raised $486 million — the largest sum ever raised by a women’s college, according to school officials.
Smith College President Kathleen McCartney said in an e-mail to the school community that contributions “significantly surpassed” the $450 million goal.
“This campaign is truly a historic moment for Smith and for women,” McCartney said. “Smith is stronger thanks to the 37,000-plus donors who contributed to this effort to make the Smith experience the most powerful form of liberal arts education.”
Smith’s fund-raising effort marked the largest ever for a women’s college, surpassing the $472 million raised by a Wellesley College campaign in 2005, said Stacey Schmeidel, Smith’s director of media relations, in a statement.
A large portion of the funds will be put toward expanding the school’s curriculum and facilities, according to the statement. The school’s initiative of “Reminaging the Liberal Arts” will use $184 million in new professorships, new majors including Middle East studies and Statistical and Data Sciences, as well as new facilities with the Jill Ker Conway Innovation and Entrepreneurship Center.
Another $181 million will go toward the school’s annual operating costs and initiatives of the school’s choice, Schmeidel said. About $130 million will go toward financial aid, with $120 million to fund more than 100 new scholarships. The remaining $10 million will go toward establishing new scholarships by matching gifts of $250,000 or more.
“At its heart, this campaign was all about women — their education, their leadership, their history and their future,” said McCartney. “Smith is a stronger, better institution because of what we have accomplished, and the world is forever going to benefit from the leadership, creativity and entrepreneurship of the women we graduate.”
The Smith campaign was launched in October 2012.
Andrew Grant can be reached at email@example.com.