How were the major capital projects that were in progress over the summer funded?
There were three major renovation projects underway this summer: the completion of Davison House renovations and the Art Library reading room restoration; the beginning of theWimpfheimer nursery school renovation. All three projects had been in the planning stage for several years, with specific sources of funding determined before the economic downturn. The Davison project was funded by tax-exempt bondsthat the college issued in 2007 to finance the most urgent campus renewal projects, and Davison was the last of the projects funded by this bond issue. The Art Library renovation was funded by the Deknatel endowment fund, established by an alumna who restricted the use of her gift to projects that focused on the Frances Lehman Loeb Art Center, the Art Library, and the Art Department. The renovation of the Wimpfheimer nursery school was also a restricted gift given specifically for the purpose of this renovation. The renovation will be fully funded by the gift. The Board also approved a
