A $5 million investment from 1965 Monmouth College graduate William Goldsborough and his wife, Beverly, will be used in several ways on the private liberal arts college campus.
The college intends to use the estate gift to expand opportunity for students, care for the campus, and position the institution for long-term growth.
Goldsborough, the former chair of his alma mater’s Board of Trustees, said in a release the couple decided to pull their estate gift forward so they could see its impact in their lifetimes.
“We believe strongly in what’s happening at Monmouth right now, and we hope our decision encourages others to step forward and invest in the college’s momentum,” he said.
Monmouth College President Patricia Draves said the gift is "transformational" for the college.
A significant portion of the investment, just under $2 million, is targeted for digital transformation, one of five foundational pillars that Draves established after taking office in 2024.
“To remain competitive and future-ready, Monmouth must modernize its digital environment, both behind the scenes and in the ways we reach, teach and engage students,” Draves said in the release.
The college also plans to use the funds to remove long-vacant campus buildings and to permanently support Peterson Residence Hall.
