Claremont McKenna College campaign raises $635 million

Matt Zalaznick's picture

Claremont McKenna College on Tuesday announced that it has raised more than $635 million in a fundraising campaign believed to be among the largest for an American liberal arts college.

The public campaign was launched in 2008 with a goal of $600 million to support endowed faculty positions, student scholarships, new facilities and building renovations at the small, private college in Claremont, about 35 miles east of downtown Los Angeles.

The effort was boosted by gifts from several billionaire alumni, including $200 million from philanthropist Robert Day, $75 million from financier Henry Kravis and $50 million from George R. Roberts, a cousin of Kravis.

Read more