Southeastern University (AG), Lakeland, Florida, received an $8 million gift, representing a second and final installment on a $10 million pledge from Oklahoma-based Hobby Lobby, Inc.
Mart Green, owner of the nationwide chain of craft stores, made the pledge earlier this year along with an initial $2 million gift. The $10 million total represents the largest single gift ever donated to Southeastern, a 74-year-old liberal arts institution.
"On behalf of the Board of Regents, faculty, staff, students and alumni of Southeastern University," said Dr. Charles Kelly, the Regents chairman, "I want to express our deep appreciation to the Green family for their extraordinary generosity and commitment to our cause - providing a strong Christian education that produces servant leaders to be world changers."
Dr. James L. Davis, Southeastern's vice president for Development, echoed those thoughts, adding the money will go a long way toward advancing the curricula and programs to bring the university to the forefront of Christian higher education.
"It is our hope that the financial assistance will only increase Southeastern University's financial strength," Green said in a letter that accompanied the first installment. "It is the joy of the Green Family to be faithful stewards of our resources and to partner with many ministries in the advance of the gospel of Christ and His kingdom."
With the $8 million gift, Green said, "We appreciate your commitment to Christian higher education and all that Southeastern is doing to raise up students with a Christian world view."
For more information on Southeastern, call 863.667.5000 or visit its Web site at http://www.seuniversity.edu.