The James Madison University Foundation will mark the 50th anniversary of its founding in 2019, and the board has set an ambitious and necessary goal of attaining a $100 million endowment by that occasion.

Since its establishment during Dr. Ronald Carrier’s presidency, the foundation has grown significantly. In the last 10 years, the foundation’s endowment fund has grown from $29.6 million to $78.4 million as of June 30, 2014.

Endowments support JMU in a variety of ways. Last year, 60 percent of the endowments supported student scholarships. The remaining percentage of endowments went to fellowships, professorships and chairs (14 percent), academic support (13 percent), unrestricted (11 percent) and other (2 percent).

The JMU Foundation Endowment comprises many separate endowment funds. Each endowment fund comes with its own criteria about how the income is to be used and for what purpose. These criteria are specified by donor. Along with the initial gift, the funds are invested to produce income, a portion of which is used as expenditure for the purpose of the gift and a portion of which is reinvested to continue to grow the endowment. Over the last five years, the JMU Foundation annualized return on endowment investment was 12.74 percent.  

In this way, donors who establish an endowment fund create a permanent legacy of support for James Madison University.

College of Business Learning Complex

The College of Business announced the creation of the Business Learning Complex. The complex will consist of Showker Hall along with new construction to create a state-of-the-art learning center. We are very excited to see how the new building enriches the learning experience for students in JMU’s business programs which are consistently ranked among the top 20 public business schools in the nation and top 40 overall and make JMU business graduates highly sought after.

College of Business and Learning Complex

Hotel and Conference Center

Hotel and Conference Center

The foundation, in a joint venture between JMU, the City of Harrisonburg and dpM Partners, continues to forge ahead on the Madison Hotel and the Shenandoah Conference Center—a much needed facility which will enhance the student experience for College of Business Hart School of Hospitality, Sport and Recreation Management majors. The hotel and conference center will provide critical meeting space for the university and the Harrisonburg community.

New Convocation Center Concept Unveiled

Lastly, we wanted to share with you an exhilarating new addition to the JMU campus. The University Athletic department unveiled conceptual drawings for a new convocation center. The new facility will be a state-of-the-art venue for large audiences to convene around signature events of civic importance, national conventions, celebrated speakers and the new home for JMU men’s and women’s basketball teams. The new facility will be built on University Drive and replace the 30-year old convocation center. Watch this video to learn more about the Convocation Center. 

Convo 1

Convo 2

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