May 2, 2007 EditionAlso in this issue...
Mabee Foundation issues
Williams Baptist College has been notified that two upcoming building projects will get a substantial boost from the J.E. and L.E. Mabee Foundation of Tulsa, Okla. The foundation has issued a $450,000 challenge grant toward the construction of a new chapel and new honors apartments.
challenge grant for WBC projects
"The Mabee Foundation has proven once again to be a tremendous friend of WBC," said Williams President Jerol Swaim. "This is the seventh time in the past three decades that the foundation has helped fund building projects at this college. It is no exaggeration to say that the Mabee Foundation has played a huge role in shaping the Williams campus we enjoy today."
The chapel, which will seat over 550 people, will have a classic design and a tall, pitched roof nearly 60 feet high. Total cost is expected to be about $2 million. Steve Manley, the CEO of Universal Asset Management, is giving $1 million toward the structure.
The new apartments will provide honors housing for men and will have a capacity for 28 students. The cost is expected to be around $1.1 million. The Jim Tom Butler family of Harrisburg provided the initial gift, a $500,000 commitment, toward the apartments.
Swaim said the Mabee gift is a big step toward achieving full funding for the two projects, but he noted that the college still must raise the remaining funds needed, as prescribed by the challenge grant. Before the college can receive the full grant, Williams has to secure funding for the remainder of the $3.1 million construction cost of the two projects.
"We are still counting on friends of WBC to follow the lead of the Mabee Foundation and these other wonderful supporters to help us pay for these two facilities that we need so much," the president said.
WBC plans to break ground later this year on both projects.
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