Bucknell Receives $30 Million Gift, Tops $500 Million Campaign Goal

Bucknell University in Lewisburg, Pennsylvania, has announced a $30 million gift from alumni Ken ('83) and Elaine Langone ('83).

The largest single commitment in the school's history will be used to provide financial aid, the top priority of its recently completed $500 million fundraising campaign. The pledge from the Langones means the school has achieved its goal for the campaign, which included a previously anonymous gift — also for financial aid — of $10 million from the couple in 2013 and boosts their total support for the campaign to more than $42 million.

"It was a conversation I'll never forget," said Bucknell president John Bravman. "Many people who see Ken and Elaine's names on two of our most prominent buildings might not appreciate their true passion: creating opportunities for young people to pursue their dreams through the power of a Bucknell education."

During the campaign, the school raised more than $170 million for its financial aid endowment, more than $100 million for academic programs and support, and more than $60 million for facilities. The Langones' commitment was the second record-breaking gift of the campaign, coming on the heels of a $20 million pledge in 2016 from alumnus Bob Malesardi and his wife, Doris, in support of endowed scholarships and to create a matching-gift program.

"WE Do, the Campaign for Bucknell University, Surpasses $500 Million Goal." Bucknell University Press Release 07/01/2017.