LSU College of Engineering exceeds $100 million partnership goal for renovation, addition
BATON ROUGE – LSU's College of Engineering announced the success of a record breaking capital campaign to enhance and expand LSU's engineering college.
Publicly launched in April 2013, more than 450 individual and corporate donors pledged $52.5 million in private funds, fulfilling the college's commitment to a $100 million public/private partnership to renovate Patrick F. Taylor Hall and construct a new chemical engineering addition.
The campaign concluded three months ahead of schedule.
Gov. Bobby Jindal punctuated the role of LSU's College of Engineering in Louisiana's economic development initiatives on Oct. 2 by announcing the support of $50 million in capital outlay funding for the $100 million project provided that the college raised the remaining funds through private donations.
The $100 million renovation and expansion will support Louisiana's engineering workforce needs. Upon completion, the college expects to graduate 1,150 engineers, computer scientists and construction managers annually.
In an unprecedented show of support, alumni, donors and industry partners donated $52.6 million dollars – making the Breaking New Ground capital campaign the most successful, short-term fundraising effort in the history of LSU. Twenty of the gifts received were for $1 million dollars or more.