UpDate - Vol. 12, No. 10, Page 3
November 5, 1992
Kresge Foundation challenge offers incentive to U.D. donors

     The University of Delaware's new Bob Carpenter Center has drawn
support from many individuals, and last summer the Kresge Foundation
of Troy, Mich., upped the ante by awarding a $350,000 challenge grant
to the University for construction of the facility.
     When the grant was received, University President David P.
Roselle said, "The University is pleased and grateful for this
generous gift, and we will be working in the months ahead to take
maximum advantage of it. The Kresge Foundation has made a challenge
grant as an incentive for donors to contribute during the remainder of
our fundraising effort."
     The Kresge Foundation is an independent, private foundation
created by the personal gifts of Sebastian S. Kresge. It is not
affiliated with any corporation or organization.
     The foundation makes grants to institutions operating in the
areas of higher education, health and long-term care, arts and
humanities, social service, science and the environment and public
affairs.
     Grants are made toward projects involving construction or
renovation of facilities and the purchase of major capital equipment
or real estate. Most grant recipients have raised initial funds toward
their respective projects before requesting foundation assistance.
Grants are then made on a challenge basis, requiring the raising of
the remaining funds, thereby ensuring completion of the projects.