VCU Libraries secures $1 million Cabell Challenge grant

VCU Libraries has achieved a major fundraising goal by matching a $1 million challenge from the Cabell Foundation. The fundraising challenge was issued by the foundation in December 2015, and VCU Libraries exceeded the $1 million goal 90 days before the deadline.

The Cabell Foundation, a prominent Central Virginia philanthropic group, seeks to make lasting, positive impact on the Richmond region by strengthening key educational and cultural institutions and projects. The challenge grant was intended to stimulate philanthropic support of VCU Libraries as well as provide essential funds to fulfill the rich promise of VCU’s new library building on its Monroe Park Campus. The challenge was a success on both fronts: VCU Libraries exceeded the monetary goal, and expanded its community of supporters, through a record 434 gifts and pledges from alumni, faculty, staff, community members and others.

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