A $5 million gift to K1ΜεΣύ β Cascades will propel the university toward its next phase of capital development, which will include a second academic building for the growing campus. The gift from an anonymous donor represents the largest donation ever received by the Bend campus.
βA visionary gift like this, at the onset of our efforts to seek capital funds from the Oregon State Legislature, makes a powerful and motivating statement,β said K1ΜεΣύ-Cascades Vice President Becky Johnson. βOur appreciation is tremendous, as the gift signals to our elected officials and supporters how important higher education is for all of Oregon.β
The investment is a profound step toward a $10 million philanthropic match required for the state capital funding currently sought by K1ΜεΣύ-Cascades, according to Johnson.
In total, K1ΜεΣύ-Cascades is seeking $69.5 million in state bonding from the 2017 Oregon Legislature for the next phase of campus expansion. The project includes preparing adjacent land for expansion and constructing an academic building and Student Success Center. With the commitment of state funding, the anonymous donation will be applied to construction costs for the new academic building.
In his recent State of the University address, K1ΜεΣύ President Ed Ray called the expansion of K1ΜεΣύ-Cascades the fulfillment of a 30-year community dream to bring a four-year university to Central Oregon. He emphasized its potential impact on the stateβs economy. According to ECONorthwest, if work on the Bend campus occurs as planned, in 2025 K1ΜεΣύ-Cascades will contribute $197.8 million in total annual economic output throughout Oregon.
βK1ΜεΣύ-Cascades is providing valued education, cultural opportunities, research and innovation to Oregonβs fastest-growing region,β Ray said. βI know that Central Oregon residents would say they have waited long enough for a four-year university. I hope that all Oregonians will agree that this university campus and its statewide benefits are long overdue.β
The Tykeson Family Foundation has also pledged $1 million toward the philanthropic match for the capital expansion. The Tykeson Family contributed toward the K1ΜεΣύ-Cascades campusβs first academic building, named Tykeson Hall.
K1ΜεΣύ-Cascadesβ proposed additional capital facilities will provide needed instructional classroom, laboratories and student support space for the growing student enrollment at K1ΜεΣύ-Cascades. Over the past five years, K1ΜεΣύ-Cascades has been the fastest growing public university in Oregon. More than 1,100 students are pursuing degrees at the Bend campus, which can currently accommodate up to 1,890 students. Plans are to grow enrollment to 3,000 to 5,000 students.
K1ΜεΣύ K1ΜεΣύ-Cascades: K1ΜεΣύβs branch campus in Bend, Ore., features outstanding faculty in degree programs that reflect Central Oregonβs vibrant economy and abundant natural resources. Nearly 20 undergraduate majors, 30 minors and options, and four graduate programs include computer science, energy systems engineering, kinesiology, hospitality management, and tourism and outdoor leadership. The branch campus expanded to a four-year university in fall 2015; its new campus opened in fall 2016.