Rice’s $2B capital campaign to include new science, technology building
Rice University launched a $2 billion capital campaign to fund several endeavors including the construction of new facilities.
“Be Bold: The Campaign for Rice” opened with significant momentum, having already secured $1.2 billion in commitments that include the two largest gifts in the university’s history.
The Moody Foundation has committed $100 million for the construction of a new student center and an endowment for new student programs. The Robert E. Welch Foundation has committed $100 million to establish the Welch Institute, which is focused on advanced materials research.
Another $400 million raised in the campaign will be dedicated to technology and building projects, including a new science and engineering building. The 250,000-square-foot building will cover roughly the same footprint as the Abercrombie Engineering Laboratory, which was demolished. The new building will be home to The Welch Institute along with other faculty research laboratories, innovation space, core lab, classrooms, conference facilities, a cafe, and departmental offices.
By 2025, the university hopes to have raised the funds to support the campus expansion as well as underwrite endowments and enhancements to academic and research programs.