PHILADELPHIA -- Penn's School of
Veterinary Medicine received a Kresge Foundation challenge grant of
$1.5 million for its new Teaching and Research Building. To obtain
the grant funds, the School must raise $13 million by October 1, 2005. Challenge-earning gifts may be directed to any School
initiative or priority.
This Kresge Foundation challenge
grant is the largest ever made to a school of veterinary medicine.
It is also the first Kresge grant at the University of Pennsylvania
since 1990, when the University of Pennsylvania Museum of Archeology and Anthropology
received a grant of $850,000.
The School is engaged in a
comprehensive $100-million fundraising campaign of which the new
building is the center piece. "The Kresge Foundation grant comes at
a pivotal moment in our
Building New Levels of Excellence
campaign," says Alan M. Kelly, the Gilbert S. Kahn Dean of
Veterinary Medicine. "It provides an impetus for us to broaden our
support base and encourages our volunteers to become even more
involved with the School."
The Kresge Foundation awards grants
toward projects involving construction or renovation of facilities
and the purchase of major capital equipment or real estate. At the
time of the June 2004 grant announcements, the Foundation had
awarded 79 grants in 2004 for a total of $45,094,354. The Kresge
Foundation, based in Troy, Michigan, is an independent, private
foundation created by the personal gifts of Sebastian S. Kresge. It
is not affiliated with any corporation or organization.