Half of the funds required for the Alumni Hall renovation have been secured, and officials involved with the project hope to begin the project by the end of the 2012 calendar year.
President Teresa Amott, along with trustee and Chair of the Alumni Hall Task Force Mark Kleine announced the fundraising progress to the Board of Trustees during its Saturday meeting.
“There are still a few larger gifts that we are working on,” Amott said of the rest of the fundraising process. “Then we will begin to open it up for smaller gifts. … Every gift counts, and the smaller gifts add up to bigger gifts.”
Chair of the Board Jan Koran ’71 said it can be expected that trustees will donate much of the capital needed for the Alumni Hall renovation.
“The trustees are only now being contacted,” Koran said. “Some have already voluntarily given for the project.”
According to sophomore Student Senator Esther Farler-Westphal, who is an observer to the board, architect Holabird and Root has submitted initial drawings and a $10.992 million cost estimate for the project. Additionally, the exterior work to the building is ahead of schedule.
Another major topic before the board is starting a major capital campaign, which has been on the horizon for Amott. Koran said this campaign will most likely benefit primarily the endowment, faculty salaries, renovation of SMC and residence hall needs.
“(The trustees) have got to lead fundraising and the capital campaign to make sure that future Knox students can succeed,” Koran said.
The board also elected some new officers to begin their new positions in July. Duke Petrovich ’74, former President of the Wrigley Company, will be the next board chair, and Gerald Vovis ’65 was elected as the next vice chair of finance.
Petrovich said in a phone interview that it is too early to disclose goals for the position, as he first wants to spend time on campus talking with students, faculty and staff before formulating specific goals.
“I feel honored. When I went to Knox, I never dreamed I would be in this position,” Petrovich said. “What Knox has given to me, I would like to give to future generations of students.”