Rose-Hulman Institute of Technology has successfully achieved a $250 million comprehensive fundraising campaign that has helped increase student scholarships, brought new learning spaces to campus, and solidified its position as a national leader in undergraduate science, technology, engineering, and mathematics education, the institute announced Wednesday.
The Mission Driven Campaign for Rose-Hulman has brought substantial support in the following areas:
• $127 million for student scholarships and financial aid.
• $81 million for the Fund for Rose-Hulman.
• $30 million for new spaces to expand networking and learning; and
• $12 million for faculty support, global and diversity initiatives.
The campaign raised $50 million over the past year alone and more than $100 million since 2018.
“The Mission Driven Campaign for Rose-Hulman has transformed our campus and prepared us to better meet the challenges of being a top STEM college focused on undergraduate education,” RHIT President Robert A. Coons, said in a news release. “We’re grateful for the commitment by so many in support of providing our students with the world’s best undergraduate STEM education in an environment of individual attention and support.”
Coons noted that to remain at the forefront of STEM higher education, Rose-Hulman needed to recruit and retain leading-edge faculty and staff, attract academically strong students throughout the world from a wide range of socioeconomic and ethnic groups, modernize facilities and equipment, and stay ahead of technological change.
Other key strategic goals were continuing to increase retention and expansion of hands-on experiences for students that are giving them an edge in the job market and graduate school applications.
Significantly increased student scholarships throughout the campaign helped drive enrollment among students, including those from diverse socioeconomic, ethnic, and cultural backgrounds. Recent examples include:
Alumnus and Board of Trustees chair Niles Noblitt and his wife, Nancy, established the Noblitt Scholars program with a $10 million gift.
Linda and Mike Mussallem, an alumnus and trustee, added a $4.1 million scholarship gift supporting students from northwest Indiana and the Chicagoland area.
Additional gifts supported the creation and expansion of key spaces and programs on campus.
A $15 million lead gift from a donor helped pave the way to build a new $29 million, 70,000-square-foot academic building, opening for the 2021-22 school year;
More than $16 million from Lilly Endowment, Inc. supporting several Rose-Hulman initiatives such as Ask Rose Homework Hotline, PRISM, ESCALATE, and Mindful Connections.
A $10.5 million gift from Linda and Mike Mussallem paved the way for the $21 million expansion of the institute’s Mussallem Union, dedicated in May 2018.
The 13,800-square-foot Richard J. and Shirley J. Kremer Innovation Center, opened during the 2018-19 school year, expanded opportunities for students to enhance their hands-on, collaborative educational experiences.
Additionally, the proceeds from the campaign supported the installation of new synthetic turf, creating two multipurpose fields used for athletics, recreation and intramural activities. The auction of a McLaren P1 hypercar owned by alumnus Felda Hardymon brought in a world-record $2.39 million, which supported the endowment of the Alfred R. Schmidt Chair for Excellence in Teaching, reinforcing the development of transformative learning experiences in the classroom.
Rose-Hulman also has expanded academic programs in data science, engineering design, biomathematics, and international studies during the Mission Driven Campaign.
Rose-Hulman is consistently recognized nationally as an elite STEM school for distinctions that include faculty excellence, return on investment, value-added, and career services.