The Campaign for Webb has so far raised $32 million, 80 percent of its $40 million goal, announced Webb Institute’s President Keith Michel ’73, Campaign Chair Joseph Cuneo ’57, and Chairman of the Board of Trustees George Campbell, Jr., Ph.D.
In what the college is calling its most ambitious fundraising effort to date, The Campaign for Webb: America’s Most Unique College aims to raise $40 million to enhance the college’s programs, infrastructure and financial resources to meet the growing challenges of an expanding marine industry.
The fundraising campaign has generated momentum through six cornerstone investments, representing contributions of $2.5 million or greater, with over three years left in the campaign period.
“It is our absolute pleasure to give back to Webb on this historic occasion,” said Dr. Alfred Zeien ’52 and Mrs. Joyce Zeien, Cornerstone donors. “Webb has made a remarkable impact on our lives, so we make this investment knowing that it will help shape the lives of future students.”
Of the $40 million campaign goal, $28 million will be raised to strengthen the endowment and ensure intergenerational sustainability of the full-tuition scholarship model, while $12 million will be earmarked for facilities updates and expansion.
“Alumni and friends of Webb should consider the Campaign a call to arms—to enhance the endowment and provide the funds needed to assure future students an education without the burden of tuition,” said Lenfest, who is an honorary member of the Campaign Cabinet and has made a Cornerstone level commitment.