Colby College Receives $16 Million From Rothschilds

Colby College Receives $16 Million From Rothschilds

Colby College in Waterville, Maine, has announced a $16 million gift from trustee Marieke Rothschild (P'16) and her husband, Jeff (P'16), in support of three of its priority initiatives — student financial aid, the arts, and health and wellness. 

The gift includes $5 million to bolster the Rothschild Family Endowed Financial Aid Fund and make the college more affordable across the income spectrum. An additional $5 million will support the 75,000-square-foot Gordon Center for Creative and Performing Arts, which when completed will bring together theater, dance, music, and cinema studies into a multidisciplinary space, including a recital hall and flexible spaces for teaching, rehearsals, and performance. Another $5 million will support the college's new athletics and recreation center, which is scheduled to open later this year and will offer a range of activities, including intramural and club activities, health and wellness options, new exercise studios, mindfulness and meditation rooms, and fitness and education programs. The remaining $1 million will be directed to the Colby Fund over several years to ensure that the college has resources for its most pressing needs.

The Rothschilds previously contributed $4.5 million to the college in support of financial aid, enabling Colby to take its place as one of the few institutions of higher education in the country that meets 100 percent of demonstrated student need without loans.

"Our initial goal in supporting Colby was to provide financial aid that would build on the college's commitment to attracting talented students from all backgrounds," said Marieke Rothschild. "As we talked with President [David A.] Greene and continued to understand the college's priorities, we were struck by the ongoing efforts to provide students with the support necessary to have extraordinary experiences related to the arts and an ongoing commitment to healthy living."