FOR IMMEDIATE RELEASE: April 6, 2005
Avondale, Pa. — The Stroud Water Research Center is proud to announce that, thanks to the generosity of more than 345 “Friends of the Stroud Water Research Center,” we have met the Kresge Challenge to raise $1 million to endow equipment and instruments at the Center.
Under the terms of the Science Initiative Challenge Grant, Kresge agreed to contribute $250,000 for new equipment once the Stroud Water Research Center has raised $500,000 to match it.
In addition, Kresge will now add the final $250,000 of a $1.25 million instrument endowment fund because Stroud has raised the $1 million.
Perhaps as important as the money is the renowned Kresge Foundation’s recognition of the Stroud Water Research Center’s current strength and promising future. In meeting the challenge, the Center demonstrated its ability to build institutional capacity by broadening and deepening its support from individuals and corporations, as well as by encouraging volunteer involvement in the fund raising effort and beyond.