As a part of the Caterpillar Foundation’s previously announced investment in Millikin University, Wednesday, February 22, 2012, marked another momentous occasion as the Caterpillar Foundation made its second payment of $1 million in Millikin University. This investment is part of the Caterpillar Foundation’s $7 million grant made in 2011. Presented by Caterpillar Decatur’s General Manager, Walt Hupe, this investment will help to create a new Center for International Education on the university’s campus.
One year ago, Caterpillar Inc. Chairman and CEO, Doug Oberhelman, a 1975 Millikin graduate, announced an investment of up to $11.5 million toward the capital campaign. This investment is the largest show of support in Millikin’s history.
The investment, made both by the Caterpillar Foundation and personally by Doug Oberhelman and his wife, Diane, will support creation of a new university center that will house the Oberhelman Leadership Development Center, help renovate Millikin’s oldest residence hall to create a Center for International Education and double the number of students supported by the university’s Long-Vanderburg Scholars Program for minority students.
The $1 million donation recently received by Millikin will give Aston Hall, the university’s oldest residence hall, new life as a Center for International Education. The Caterpillar Foundation has committed a total of $3 million to help renovate and develop the new center, which will provide housing for international students and serve as a home for multicultural affairs staff, international programs, study abroad and global awareness.
“We are extremely grateful to the ongoing support of Caterpillar and the Oberhelmans,” said Millikin President, Harold Jeffcoat. “This new center will serve a vital role in enhancing a critical area of our university mission – to prepare our students to be confident, inspired global citizens by providing expanded opportunities for leadership development and international education. The Center for International Education will serve as a hub for all things related to the international experience – both for students coming here from other countries and for Millikin students who seek to study abroad.”
Millikin’s partnership with Caterpillar extends back nearly six decades to 1955 when the company made its first investment in the university.
BREAKDOWN OF CATERPILLAR’S PLAN OF SUPPORT FOR THE TRANSFORM MU CAMPAIGN
Creation of the Oberhelman Leadership Development Center - $6.5 million
Total funding to create the Oberhelman Leadership Development Center on the second floor of the new University Center includes a $3.5 million challenge matching grant by the Caterpillar Foundation to match donations made by Caterpillar employees and retirees, as well as $3 million donated personally by the Oberhelmans, for a total gift of $6.5 million. The proposed center will be home to more than 100 student leadership organizations, including student government, Greek life and the multicultural student council. Emerging and seasoned student leaders will have the opportunity to share their resources and practice leadership, management, marketing and technical skills. The new Center will include student organization and development areas, collaboration rooms and three flexible laboratory areas.
Creation of a new Center for International Education - $3 million
The Caterpillar Foundation has also committed $3 million to help create a new center for international education through the renovation of Aston Hall, originally built in 1907. The proposed center will complement the academic experience, offering a variety of cultural, educational, social and recreational programs for students. The Center will provide residence hall space for up to 70 international and domestic students, faculty offices, a lecture/conference hall, two “smart” classrooms and a resource room.
Challenge gift for donors to the new University Center - $1.5 million
The Oberhelmans have also committed to a $1.5 million personal challenge matching grant for potential donors to the new University Center.
Expansion of the University’s Long-Vanderburg Scholars Program - $500,000
The Caterpillar Foundation is also investing $500,000 in MU’s Long-Vanderburg Scholars program, which recognizes high scholastic achievement among historically underrepresented students by providing scholarship support and development opportunities. The program will double from 60 to 120 students in a four-year period and be renamed the Long-Vanderburg Caterpillar Scholars program.
The $85 million “Transform MU” campaign was launched in May 2010 and will revitalize the east side of Millikin’s campus, as well as make significant advances in creating new student scholarships, increasing endowment and faculty development funds, and improving infrastructure. To date, the campaign has raised $52.5 million dollars.
For more information, visit the campaign website at www.millikin.edu/transform