Little more than a week ago, Stephens College was overrun with alumnae during its annual Reunion Weekend, and it appears that the college is on the minds of many.
On Friday, Stephens announced that it had recently received about
$1.49 million in bequests and gifts, either from or in honor of graduates.
More than a third of the money was given as unrestricted bequests. As such, it goes into the operating budget and can be used in whatever manner the school deems necessary.
Stephens’ operating budget is about $14 million, so the donations do make a significant difference, said Carol Julian, vice president for development and alumnae relations. Possible uses for the money include Stephens-sponsored student scholarships or covering general operating expenses, Julian said.
The majority of the $1.49 million was given to support the restoration of Lela Raney Wood Hall. The largest donation — $500,000 —was given by Elmina Sewall of Maine in honor of her daughter, 1960 graduate Margaret Barbour.
The college reached the $35 million goal of its “Campaign for Stephens: It’s Her Turn” last May and has continued to actively seek donations from its graduates.
In addition to unrestricted bequests and support for the Lela Raney Wood Hall renovation, $150,000 during the next three years was pledged by Aramark to develop a workout facility in Hillcrest Hall. Aramark is the food services provider for Stephens.