Contact: Herb Wright, 277-1038 or
Laurie Mellas-Ramirez, 277-5915

April 25, 2001

KRESGE FOUNDATION HELPS FUND NEW ADDITION FOR LAW SCHOOL

The University of New Mexico School of Law has received a $750,000 Kresge Foundation challenge grant to expand and renovate its facilities.

"The Challenge Grant recognizes the importance of our fund-raising project and the excellence of our academic program. Kresge was also impressed with the fund-raising support we have received from our alumni, the bar and our friends. The challenge is to raise about $3.6 million in addition to the $8.5 million we've already raised," said UNM School of Law Dean Robert Desiderio. The Challenge Grant stipulates that the remaining funds be raised by July 1, 2002.

The Kresge Foundation awards grants toward projects involving construction and renovation of facilities and the purchase of major capital equipment or real estate. Grant recipients have raised initial funds toward their respective projects before requesting foundation assistance. Grants are made on a challenge basis requiring the raising of the additional funds to insure the completion of projects.

"Only 212 Kresge Challenge Grants were awarded for 2001. The University is extremely pleased to be selected for this honor. This Challenge Grant will be invaluable in leveraging additional private funds for the law school addition," said Vice President for UNM Advancement Judy K. Jones.

On April 18, 2001, the school held a groundbreaking for the Frederick M. Hart addition, a 32,000 square ft. plus facility scheduled for completion on Dec. 31. The program for the groundbreaking highlighted the Kresge Grant and its significance to the Law School expansion.

Expansion and renovations to the law school are projected to cost $12.1 million.

The Kresge Foundation is an independent, private foundation created by the personal gifts of Sebastian S. Kresge. It is not affiliated with any corporation or organization.

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The University of New Mexico
Public Affairs Department
Hodgin Hall, 2nd floor
Albuquerque, NM 87131-0011
Telephone: (505) 277-5813
Fax: (505) 277-1981