Dr. Phillips Charities today made the largest private gift to ΒιΆΉΣ³»΄«Γ½ Downtown, investing $3 million in the campus project.
The gift will help fund construction of a new academic building that will be the centerpiece of the ΒιΆΉΣ³»΄«Γ½ Downtown campus serving about 7,700 ΒιΆΉΣ³»΄«Γ½ and Valencia College students.
Dr. Phillipsβ gift comes just one day before university leaders will present plans for the campus Wednesday at ΒιΆΉΣ³»΄«Γ½ to the Florida Board of Governors, which oversees the State University System.
Dr. Phillipsβ $3 million contribution also brings the total community support for ΒιΆΉΣ³»΄«Γ½ Downtown to $16 million.
βWhen our Board first heard about ΒιΆΉΣ³»΄«Γ½ Downtown and the compelling vision of President Hitt and his team, we knew we wanted to help make this campus a reality,β said Dr. Phillipsβ President and CEO Kenneth D. Robinson. βOur mission as an organization is to help transform lives, and in doing so, lift our entire community. We believe this gift to downtown is an investment in our childrenβs future.β
Dr. Phillips Charities have a long-standing partnership with ΒιΆΉΣ³»΄«Γ½, contributing toward the College of Medicine, College of Business Administration and the Dr. P. Phillips School of Real Estate.
βThese gifts have produced life-changing opportunities for so many of our students,β said ΒιΆΉΣ³»΄«Γ½ President John C. Hitt. βWe are so grateful for Dr. Phillips Charitiesβ support of the ΒιΆΉΣ³»΄«Γ½ Downtown campus and the lasting impact it will have on our community.β
One-third of the new $60 million downtown academic building will be funded through community support. The university also is contributing $20 million from its resources and asking the state for an additional $20 million.
The Orlando Magic, CFE Federal Credit Union and Florida Hospital each pledged $1.5 million toward the construction of the new academic building that ΒιΆΉΣ³»΄«Γ½ would share with Valencia College. University leaders and board members have made personal contributions totaling more than $1 million. Orange County commissioners voted unanimously to contribute $3 million, and Valencia College will contribute $2 million.
Other contributors to the campus include Creative Village Development, Orlando philanthropist Alan Ginsburg, Orlando City Soccer Club, CNL Financial Group, Universal Orlando Foundation and Universal Orlando Resort, Dr. Bruce Douglas of Winter Park, and Coca-Cola.
Additionally, the value of in-kind contributions of land and infrastructure by the City of Orlando and the developers of Creative Village is approximately $75 million.
Pending approvals, the campus will open in fall 2018. ΒιΆΉΣ³»΄«Γ½ Downtown will offer students an innovative learning environment within walking distance of a wide array of internship and job opportunities in fields such as digital media, communication, public service and health-related programs.
ΒιΆΉΣ³»΄«Γ½ will share the campus with Valencia College, which will offer programs in digital media, health information technology and culinary and hospitality, including workforce training and other certificates to increase access to education in the immediate downtown area.
The new academic building at ΒιΆΉΣ³»΄«Γ½ Downtown will complement a renovated Center for Emerging Media building where ΒιΆΉΣ³»΄«Γ½βs nationally ranked graduate video gaming school, the Florida Interactive Entertainment Academy, is located.