Culminating in a nine-year effort called “Campaign for Pepperdine,” Pepperdine University announced this week it has raised “an unprecedented” $460 million as part of a massive fundraising campaign.
A combined 48,000 donors made contributions, according to the university.
Of that total, more than $140 million is said to be going to financial aid and scholarships.
“The campaign’s single largest commitment came from Sharon and Terry Mullin, from which a significant portion is being used to transform central campus into a lively Town Square that hosts campus activities and serves as a gathering place for students to study and catch up with friends,” the school announced. “The Mullins’ generous gift will also help create a new underground parking structure that will help reduce parking congestion at the Malibu campus.”
Other funding allocations include spiritual programs, outreach initiatives, programming for the arts, athletic facility upgrades, a law school renovation, a Payson Library renovation and more support for international programs. Pepperdine also hopes to make its Center for Entertainment, Media and Culture one of the top 25 cinema and arts programs on the globe.