Calvin University will be constructing its first school, less than a year after changing its name, courtesy of a $22.25 million gift from anonymous donors.
The monetary gift, which was made by a married couple, will be used to establish the Calvin University School of Business building.
“We are so very thankful to God and to the donors who made this gift possible,” said Michael Le Roy, president of Calvin University. “Our donors love the mission and were compelled by the vision of Calvin University and our desire to serve current and future students.”
Additionally, the charitable gift will be used for improving shared spaces in the DeVos Communication Center, the building to which the new school will be connected. Endowment funds will be created through the gift to support the new dean of the School of Business and business faculty. The funds also will serve as a catalyst for several new academic programs intended to serve new students.
“We are delighted and honored to be a part of this effort and believe that Calvin will get significant gifts from others to create a truly great school of business that will demonstrate that business skills are gifts from God and are used to help bring His Kingdom,” wrote the anonymous donor.
Construction on the new building is expected to begin in spring 2021 with the anticipated completion date of fall 2022.
“Future generations will benefit from this inspiring gift as the Calvin University School of Business grows to reach and equip new types of learners in new ways that provide bold, transformative educational experiences grounded in our reformed Christian faith,” said Bob Eames, director of the Calvin Center for Innovation in Business.
The school officially became a university in July. The university leaders hope to establish more new schools as part of Vision 2030. However, each new school will not necessarily have a new building associated with it; it could be renovating existing spaces.