This past week, SMU announced the second of two major gifts designated to the Moody Coliseum Renovation. The first, a $20 million gift from the Moody Family Foundation, was the leadership donation needed to start the renovation campaign. Then, just 8 days later, the school announced a $10 million gift from David & Carolyn Miller toward the same renovation project.
The athletics department has raised $30 million of the planned $40 million price tag for the coliseum, with a construction start date yet to be scheduled. With construction projects being shelved all across the nation due to budget cuts and stagnant credit markets, having 3/4 of the project goal raised will ensure the completion of the project and provide significant momentum for raising the remaining $10 million.
In fact, this kind of support is remarkable. Not many schools and athletics departments have had the pleasure of announcing 8-figure gifts a little over a week apart. No doubt SMU had many visits with the benefactors prior to the releases, but by coupling the announcements in such short order, the school has shown its other donors that they are committed to making the project a reality.