SEU announces $10 million endowed estate gift during groundbreaking ceremony

Wednesday, November 20, 2013

During a groundbreaking ceremony on November 14 for two significant building projects, Southeastern University announced that a donor has made a $10 million endowed estate gift to the university. This represents the largest personal gift in Southeastern’s 78-year history.

The donor, who wishes to remain anonymous, recently met with SEU Executive Vice President Dr. Brian Carroll and Executive Director of Advancement Dana Davis and specified that the gift is to be used to create an operational endowment.

“This gift is a tremendous validation of the intentional strategic work already taking place on our campus,” said SEU President Dr. Kent Ingle. He said, “It’s a very transformative gift.”

The endowment is expected to support general maintenance and upkeep of all non-athletic-related property, buildings and grounds; general administrative expenses, such as salaries and benefits of the faculty and staff of the university; and the purchase of non-capital materials and equipment.

“This is the kind of gift that can help establish long-term financial stability for a private liberal arts school like Southeastern,” said Carroll.

The new construction projects on the campus include a $6 million College of Natural and Health Sciences Building and a $7 million football stadium. The university is funding the projects with a mixture of donations and board-restricted cash reserves.

The ceremony was attended by the university’s Board of Trustees, local elected officials and business leaders along with the faculty, staff and students of the institution.

The football stadium is a three-phase expansion project. The first phase will include home and visitor grandstands to seat 3,500, team meeting rooms, a press box, synthetic turf field, scoreboard and sports lighting.

Support facilities include ticket booth buildings, concessions, and restroom facilities.

Construction is slated to be completed in time for Fire football to hold its first home game in the new stadium against Warner University on September 13, 2014. “We have full confidence in our architect and contractor that our stadium will be completed and ready to go for our first game,” said Carroll.

The 28,000-square-foot academic building will feature laboratory classrooms for chemistry, biology, computer and general science. The two-story structure will also include a 120-seat auditorium and a nursing simulation lab with state-of-the-art human patient simulators.

Construction is scheduled to be completed by the end of 2014, enabling the university to offer classes in the building in January of 2015.

The university has experienced tremendous enrollment growth over the last three years and has also added a nursing program, which has necessitated the need for the new academic space. Enrollment has grown from 2,500 students in Fall 2011 to a current enrollment of over 3,400 students. This is the largest enrollment in Southeastern’s history and our largest freshman cohort ever – 912 students.

For more information, visit www.SEU.edu