Jacksonville, FL — On the heels of a successful $121.4 million campaign, Jacksonville University is celebrating a $6 million unrestricted gift from The Carl S. Swisher Foundation.
Because it is unrestricted, the funds can be used for virtually anything, and a JU spokesperson says they haven’t yet decided what to do with the gift.
“At this time of exciting progress at our University, we are extremely grateful to receive this transformational gift,” said Jacksonville University President Tim Cost. “We’re energized, as an institution, by the confidence placed in us by the Trustees of the Swisher Foundation. An unrestricted gift of this magnitude is a rare opportunity to move our University forward, accelerate our momentum, and fuel our progress.”
The late Carl S. Swisher was among the University’s first major donors, and this unrestricted gift is one of the ten largest single donations in JU history.
Swisher’s name is already attached to the library and gymnasium on campus. He served many years as a Jacksonville University Board of Trustee member and chairman. The Swisher Foundation’s lifetime giving to the University is nearly $10 million, much of which has funded student scholarships.
Kimberly Jones, Senior Vice President for University Advancement, said, “In our 84-year history, few partners have supported Jacksonville University in as many deep and meaningful ways. As the institution entrusted with amplifying his legacy, we are humbled and greatly honored. This generous gift, coupled with what Mr. Swisher and the Trustees have invested over more than 75 years, will make an immeasurable and lasting impact on Jacksonville University and our students.”