New Campus Campaign - Phase II
Thanks to the support of many generous donors we are in the final months of completing the second phase of the King Cummings Campus campaign. This follows the successful completion of the first phase, which in 2007 resulted in the acquisition of land, general infrastructure improvements, Murfey Hall (a 108-bed dormitory) and the creation of the Fremont-Smith soccer field and running track.
The key component of Phase 2 is the construction of a new start of the art and intentionally designed academic center, which opened in 2013, as well as a deliberate goal to add $300,000 to the endowment, which is critical to CVA’s financial stability and long term sustainability. This phase of the campaign got a great boost from CVA Trustees and alumni parents Paul and Carol Fremont-Smith, who issued a $500,000 matching gift challenge inMay 2014. This gift provided great momentum and helped us make significant strides to address the organization’s most urgent need: debt reduction of the academic center construction loan. CVA donors responded and together we met the Challenge!
Based on the success of the Fremont-Smith Challenge, in May 2015 Carrabassett Valley Academy was awarded a $1,000,000 challenge from the Harold
Alfond Foundation to support the academy’s new King Cummings Campus. This substantial commitment from the Harold Alfond Foundation serves as another
tremendous catalyst for the Academy’s efforts to eliminate debt incurred to finance construction of its academic center, as well as to eventually create a new student center.
We need your help to raise the $536,000 we need to trigger the Alfond Challenge grant by December 2016. As of May 1, 2016, we have just under $250,000 left to raise. Be part of the excitement! Make your campaign gift today and help us meet our $4 million goal.