Champlain College announced Thursday a donation of $1 million, made to the school anonymously. The donation was made just days after the school’s new president, Alex Hernandez, began his term at the college.
“Champlain’s radically pragmatic education is transformative for students, and this donation provides significant momentum as we seek to increase our impact and support a prosperous Vermont,” Hernandez said in a June 6 statement.
The school, which has 2,100 undergraduate students at its Burlington campus, has 111 undergraduate subjects and 118 full-time faculty, according to Champlain College.
The college has been located in downtown Burlington since 1878 and also has campuses in Montreal and Dublin.
The donation will support the college’s new initiative, the R/Evolutionary 2030 strategic plan, according to the college. The donation will support the plan’s goals of creating innovative university programs, being an economic engine for Vermont and investing in the Champlain community.
Hernandez comes to Champlain College from the University of Virginia, according to his biography on the college’s website. Former Champlain president Benjamin Ola Akande left college after a year for a position with a St. Louis financial company in 2021.
Former college president Dave Finney served as interim president until last week when Hernandez officially began his term.
The $1 million donation is for a school with an estimated endowment of $23.9 million at the end of 2020, according to Data USA. The school’s endowment is lower than other colleges and universities in Vermont, such as Middlebury College and the University of Vermont. Middlebury’s endowment is valued at around $1.5 billion, according to the college.
In the press release, Hernandez said the anonymous donation was a testament to college faculty and staff, and “their hard work, perseverance, and entrepreneurial spirit.”
Kate O’Farrell is a reporter for the Burlington Free Press. You can reach her at [email protected]