PNCA Announces Plans to Purchase Main Campus Building and New Centennial Capital Campaign
Dear Friends:
I am pleased to share news about two important and exciting milestones for PNCA with all of you.
Milestone One: The Goodman Building
After many years of effort the College will soon assume ownership of our main campus building. As you know we have leased the building from the Goodman family since moving to the Pearl District in 1998. I am happy to report that we have now reached an agreement to buy the building. Securing ownership of our home in the Pearl has been a top priority, and we are very grateful to the Goodmans for that opportunity. Together with the acquisition of the 511 building, PNCA can look to a future campus that is dynamically connected to the urban fabric of Portland—one that is expressed in distinctive architectural terms and by the ongoing creativity of our students and faculty.
Milestone Two: The Centennial Campaign for PNCA+FIVE
Along with the acquisition of our main campus building, we have announced the public phase of a $32 million fundraising campaign. The Centennial Campaign for PNCA+FIVE will raise capital for the acquisition and refurbishment of the main campus building ($12 million), endowment for new academic programs and scholarships ($12 million), as well as funds for special projects and on-going operations ($8 million). And you will be glad to know that we go public with the Centennial Campaign with more than 80% of the funds—that is $26 million—already committed!
Moreover, building on the spirit of the marvelous gift from Hallie Ford last year, we are able to announce three new inspirational gifts: The Harold & Arlene Schnitzer CARE Foundation and Al Solheim, Chair of the PNCA Board of Governors, have each pledged $1 million to the Campaign, and the Maybelle Clark Macdonald Fund made a $1 million challenge grant, which asks the College to secure an additional $3 million in new gifts by the end of 2008.
We are very proud of the way the larger community has embraced our vision for the College. The success of the City of Art Gala, our campus acquisitions, gifts to scholarship and endowment augur well for PNCA on the eve of its 100th birthday.
It is a very exciting time to be a part of this College and I thank you all for your continued support.
With warm regards,
Tom Manley
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Venice Blog
President Tom Manley visited Venice, Italy this past summer for La Biennale di Venezia, a multimedia art festival encompassing dance, cinema, theater and visual art. He blogged his experience with over 100 artists from around the world, as well as his travels around the fabled city of canals.
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