Providence College seeks $140 million to fund endowment, expansion, scholarships

PROVIDENCE — Providence College on Saturday is officially launching the biggest fundraising campaign — for $140 million — in its almost 100-year history.

The college says the money raised will touch every aspect of college life, from a new School of Business to new faculty members to a more robust endowment.

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Brian J. Shanley: More families good for Smith Hill (the neighborhood)

Providence College recently granted $750,000 to be distributed over three years to the Smith Hill Community Development Corporation (CDC), a nonprofit organization whose mission and purpose is to provide safe, affordable housing for the people in the Smith Hill area of Providence. While several other local institutions of higher education have done and continue to do outstanding community work, I believe our partnership with the CDC is without precedent in Rhode Island.

The college has worked closely with the CDC, especially through our Feinstein Institute for Public Service. We have, for example, facilitated a number of programs for community youth. We have brought a number of our classes to an off-campus neighborhood site owned by the CDC (the PC/Smith Hill Annex on Douglas Avenue), with those classes being open to both PC students and to members of the local community. We also use the annex as meeting and program space in the community that is accessible to both college and community groups. In our latest partnership endeavor, the college and CDC have opened a fair-trade coffee café, also on Douglas Avenue. This small business is owned by the CDC, but run by a group of PC students.

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