In The Loop What’s Happening at SPU
Giving Update for 2015
Largest Fundraising Year Ever
SPU had a record-breaking fundraising year for fiscal year 2015, with increasing numbers of alumni, parents, and friends supporting the University. As of June 30, SPU had raised $12,459,060, the highest amount ever. The previous record was just more than $9 million, set in fiscal year 2007.
Restore Alexander Hall Campaign Nears Completion
A $750,000 grant from The Norcliffe Foundation and a $400,000 grant from the M.J. Murdock Charitable Trust, along with generous gifts from SPU alumni and friends, brought the total support raised to renovate SPU’s oldest building, Alexander Hall, to more than $6 million when fall quarter started. The campaign aims to raise $6.2 million by the end of this year.
The (completed) restoration included interior renovation and a necessary seismic retrofit, but maintained the building’s historic, red-brick exterior. Alexander Hall was designated a City of Seattle historic landmark in 2014.
SPU Endowment Grows to $81.4 Million
As of June 30, 2015, the value of SPU’s endowment was more than $81.4 million, a $9 million increase over last year. This growth is the result of nearly $1.7 million in gifts and strong investment returns from the Seattle Pacific Foundation, which manages the endowment on behalf of the University.