NORTHAMPTON, Mass. (AP) — A private liberal arts college for women says the Massachusetts school has raised a record-high $486 million.
The Boston Globe reports (http://bit.ly/2kGnrlf ) Smith College in Northampton announced on Monday its "Women for the World" campaign significantly surpassed its goal of raising $450 million. The campaign launched in the fall of 2012. The school says it's the "largest and most successful" campaign a women's college has ever undertaken.
The college's "Reimagining the Liberal Arts" initiative will use $184 million on new professorships, majors and facilities, including the Jill Ker Conway Innovation and Entrepreneurship Center.
The school says $181 million will go toward yearly operating costs and other initiatives.
More than $100 million will support financial aid, most of which will be set aside for more than 100 new scholarships.
Information from: The Boston Globe, http://www.bostonglobe.com