Glen Cove, May 5, 2016 – Webb Institute’s President Keith Michel ’73, Campaign Chair Joseph Cuneo ’57, and Chairman of the Board of Trustees George Campbell, Jr., Ph.D., are pleased to announce that $32 million (80%) of the $40 million goal has been raised to date in the Campaign for Webb.
The Campaign for Webb: America’s Most Unique College is the most ambitious fundraising effort in the institution’s history. Through this effort, Webb plans to raise $40 million to enhance the college’s programs, infrastructure, and financial resources to meet the growing challenges of an expanding marine industry.
The Campaign has generated momentum through six Cornerstone investments, representing contributions of $2.5 million or greater, with over three years left in the Campaign period.
“It is our absolute pleasure to give back to Webb on this historic occasion. Webb has made a remarkable impact on our lives, so we make this investment knowing that it will help shape the lives of future students,” said Dr. Alfred Zeien ’52 and Mrs. Joyce Zeien, Cornerstone donors.
Of the $40 million Campaign goal, $28 million will be raised to strengthen the endowment and ensure intergenerational sustainability of the full-tuition scholarship model, while $12 million will be earmarked for facilities updates and expansion.
“Alumni and friends of Webb should consider the Campaign a call to arms—to enhance the endowment and provide the funds needed to assure future students an education without the burden of tuition,” said Mr. Lenfest, who is an honorary member of the Campaign Cabinet and has made a Cornerstone level commitment.
About Webb Institute
Founded in 1889 by William H. Webb, Webb Institute is a top-ranked undergraduate engineering college specializing in Naval Architecture and Marine Engineering. Webb provides full-tuition scholarships to all admitted students; admission to Webb is extremely competitive with a maximum of 28 students being accepted into the program each year. Webb Institute prides itself on a 100% placement rate for graduates who are highly sought after by all segments of the marine industry. The campus is located on a beautiful, waterfront site in Glen Cove, NY. For more information, visit www.webb.edu.
President, Webb Institute
Anthony R. Zic
Director of Development, Webb Institute
Director of Media Relations and Communications, Webb Institute