Work on CMU’s Stedman Hall Underway: Renovation Aided by $1M Mabee Foundation Grant

Created on

Excerpt from article featured in The Fayette Advertiser

The single largest renovation project in Central Methodist University’s 163-year history – in size, scope and price tag – is now full speed ahead after the J.E. and L.E. Mabee Foundation approved a $1 million challenge grant for the Stedman Hall of Science project.

The Tulsa, Oklahoma-based Mabee Foundation recently informed CMU President Roger Drake of approval of the Stedman Hall grant request. The University has until June 30, 2018 to raise an additional $2.4 million to secure the grant. “This is the most exciting part of any campaign,” Drake said. “We have the end in sight. When we successfully meet the Mabee challenge, we will be able to pay the entire cost of the renovation without any borrowing or any draw from our endowment.

Read the full article