The following is the text of a news release from Webb Institute:
(GLEN COVE, N.Y.) — Webb Institute’s President Keith Michel ’73, Campaign Chairman Joseph Cuneo ’57, and Chairman of the Board of Trustees George Campbell Jr. have announced that $32 million (80 percent) 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 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.
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 percent placement rate for graduates who are highly sought after by all segments of the marine industry. For more information, visit www.webb.edu.