– Davenport University announced it has received a gift to its endowment fund

of $5.5 million over the next four years from the M.E. Davenport Foundation, the

single largest gift in the University’s history.

The latest

gift brings historical giving to Davenport University by the independent,

family foundation to more than $15.4 million.

“This is an

extraordinary gift from the foundation and a tremendous boost for our Investing

in the Vision Campaign,” said Dr. Richard Pappas, President of Davenport

University. “We have now received commitments for more than $18 million

toward our $25 million goal. This investment by the Foundation will have a

lasting impact on the University’s ability to develop innovative new programs.”


its existence the M.E. Davenport has supported Davenport University as well as

other community initiatives,” said Peggy Moceri, immediate Past President of

the Foundation and a granddaughter of the foundation’s namesake.

“With this

gift, we are seeking to reflect the shared origins and values of both the

Foundation and the University,” she said. “The purpose of the endowment is to

regenerate, in an enduring way, M.E. Davenport’s founding motto: Make a

Living, Make a Life, Make a Contribution.”


perpetual innovation fund, for which details continue to be developed, will

support academic and learning-related initiatives not subject to the regular

university operating budget. Besides its impact on the University’s current

fundraising campaign, the gift also supports work toward the University’s

recently announced Vision 2020 long-range plan, in which innovation plays a

large part. The timing also anticipates year-long celebrations in 2016 of

Davenport University’s 150th Anniversary.