Trinity Washington University in Washington, D.C., has announced a $10 million gift toward construction of a new academic center.
The gift from alumna Joan Payden — the largest in the Catholic university's history — will accelerate the timetable for the $40 million, 80,000-square-foot Trinity Academic Center, with construction now scheduled to begin next summer. The LEED-certified building will feature eight state-of-the-art biology and chemistry labs, four labs for nursing and the health professions, and twenty classrooms of varying configurations equipped with the latest instructional technologies. The university hopes to raise the balance of the $30 million needed to meet its campaign goal by the end of 2014.
Payden, who graduated from the school in 1953, is founder, president, and CEO of Los Angeles-based Payden & Rygel, a private global investment firm. She recently received the CFA Institute's Award for Professional Excellence, the highest honor bestowed by the association of professional investors.
"Ms. Payden is a successful entrepreneur who is highly respected in the business arena," said Trinity president Patricia McGuire. "Her great generosity is a powerful endorsement of Trinity's strategic vision for the future, including plans to increase emphasis on education in the sciences, nursing, and health professions to meet the workforce needs of the Washington region and nation."