CVA New Campus Campaign
The Harold Alfond Foundation 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 a tremendous catalyst for the Academy’s efforts to eliminate debt incurred to finance construction of its academic center and create a new student center.
Greg Powell, chairman of the Harold Alfond Foundation, said “The decision to support CVA was based on our belief in CVA’s mission at the nexus of outstanding athletics and education, and the importance of CVA as an economic driver in western Maine. What was once a small school is now a world-class ski and snowboard academy with a 30-year track record of success.”
In 2000, CVA’s leadership and supporters recognized the need for new facilities. Their vision was to develop a modern and purpose-built campus to accommodate CVA’s outstanding programs. The initial phase of the New Campus Campaign was completed in 2008 and resulted in the acquisition of land, construction of a dorm, creation of a soccer field/track and growth of the school’s annual and endowed scholarship funds.
Kate O’Halloran, CVA’s Director of Development and Alumni Connections, said “Under the stalwart leadership and guidance of alumna Kate Webber Punderson ‘89 and the generous and loyal support of our donors, we are forging ahead toward the completion of our $15 million new campus, located off the Sugarloaf access road.”
The first phase of the Alfond Challenge calls for CVA to raise $536,000 in matching funds to eliminate the remaining debt incurred to finance construction of its academic center. Once the matching funds are secured, the academic center will be formally named to honor Peter and Martha Webber, whose vision and hard work on behalf of CVA laid the foundation for the Academy.
CVA is also working with the Foundation on what would be an additional $500,000 capstone (completion) gift for the planned construction of a student center, which will be the third building on the King Cummings Campus. To be considered eligible for that grant, CVA must first eliminate the academic center debt and provide the Foundation with updated plans for the student center.
Earle Morse, chairman of the board at CVA, said, “We are so grateful for the support of the Harold Alfond Foundation. This gift moves us closer to our goal of making a full operational shift to the King Cummings Campus by 2020. Our new facilities, combined with our extraordinary athletic and academic programs, will help us attract the most talented student athletes from the great state of Maine and around the world.”
The Challenge: Two Milestones
- Academic Center, Phase 1: May 2015 – December 2016. CVA must raise the$536,000 needed to trigger the first $500,000 in matching funds.
- Student Center, Phase 2: Upon successful completion of Phase 1, CVA will work with the Harold Alfond Foundation to determine the terms of the $500,000 “capstone” gift for the new student center.
All new campaign gifts and signed pledges received by CVA between May 2015 and December 2016 will count toward the first phase of this Challenge, essentially doubling the impact of your gift.
So please, don’t wait -- make your gift commitment now and help us meet our match. Every dollar helps us meet this challenge!
For more info about how you can be a part of the CVA Challenge contact:
Kate O’Halloran, Director of Development and Alumni Connections
207.237.4498 or kohalloran@goCVA.com