BATON ROUGE, LA (WAFB) - LSU has just completed its most successful fundraising campaign, raising $52.5 million for the College of Engineering three months ahead of schedule.
Gov. Jindal and LSU officials made the announcement Monday, Feb. 3.
The campaign was launched in April to renovate Patrick F. Taylor Hall and construct a new chemical engineering addition. More than 450 individual and corporate donors pledged the more than $52 million in private funds. Twenty of the gifts received were for $1 million dollars or more.
On Oct. 2, 2012, Gov. Jindal announced a commitment of $50 million in funding for the $100 million project on the condition that the college raised the remainder of the funds through private donations.
The university exceeded its goal.
"We are grateful for the hundreds of donors who stepped up to the plate to make this partnership a reality," Jindal says. "Experts say they have never seen an industrial expansion like the one currently under way in our state, but they also say we are going to need to train and attract even more people to fill the demand for all the jobs coming to Louisiana. That's why we are laser focused on making sure we have the tools to prepare our students so they can fill the jobs in the pipeline. This partnership will help accomplish that goal."
The project supports Louisiana's engineering workforce needs. When completed, the college will graduate more than 1,000 engineers, computer scientists and construction managers annually.
"The engineering expansion is an investment in our students and their careers," said President and Chancellor F. King Alexander. "It will also attract the top faculty who will work with students to solve some of our state's greatest problems. The speedy success of the campaign demonstrates the confidence of our alumni and industry in LSU Engineering."