Saturday, March 3, 2012

SKIDMORE DRIVE GETS $85 MILLION.(CAPITAL REGION)

Byline: KENNETH C. CROWE II Staff writer

Skidmore College has reached an unofficial total of $85.5 million in its five-year fundraising campaign, surpassing its $78 million goal.

The college's financial condition has strengthened as a result of the fundraising effort, college officials said. The endowment has more than doubled to $121.2 million in April from $50.7 million in June 1993.

The college also has increased its number of endowed professorships to 13 from 3. And the scholarship endowment has raised $15.6 million.

The Tang Teaching Museum and Art Gallery will be built with funds raised during the campaign. Designed by renowned …

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