Cedarville University receives $1M gift on way to raising $125M

The Lorne D. Sharnberg Business Center. Courtesy of Cedarville University.

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The Lorne D. Sharnberg Business Center. Courtesy of Cedarville University.

Cedarville University has received a $1 million grant from The Schiewetz Foundation of Dayton, another step toward the university’s goal of raising $125 million to expand the campus.

The private, Christian university in Greene County has a total commitment of $99.2 million for the campus expansion.

Cedarville officials said The Schiewetz Foundation’s gift will be used toward construction of the $38 million Lorne D. Sharnberg Business Center, which will house the university’s School of Business. The new building will be located between the Stevens Student Center and Dixon Ministry Center near Cedar Lake.

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The Schiewetz Foundation supports charitable organizations working to further economic development and entrepreneurship, higher education, leadership training, historical preservation and the performing arts with grants for programs and capital projects, according to their website.

“We are very thankful for the confidence The Schiewetz Foundation is demonstrating through their $1 million gift,” said Jeff Haymond, dean of the school of business. “Their contribution will be used to continue to provide our students with a world-class education that will produce the next generation of Christian business leaders.”

Construction of the new business center is expected to begin this fall or as soon as funding is finalized.

Will Smallwood, vice president of Cedarville University’s advancement division, said last October the university wanted to use the $125 million to “expand capacity, minimize student debt, transform lives in and out of the classroom and provide for the future.”

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According to the campaign plan, $92.5 million will be spent on the construction of several new buildings. Two buildings, the Civil Engineering Building and a Chick-fil-A restaurant, have already opened. Other buildings include a Welcome Center and academic facility near the main campus entrance, a women’s residence hall, the Scharnberg Business Center and the Callan Academic and Athletic expansion.

Rick Schwartz, president of The Schiewetz Foundation, said the foundation was excited to work with Cedarville. This is the first grant from the foundation to the school.

“Cedarville students have the values and motivation that we need in today’s business world, and we believe this new facility, along with Cedarville’s academic commitment to free enterprise, aligns perfectly with our values and mission,” Schwartz said.

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