The financial crisis impacted universities’ capital campaigns. Find out how we worked with Chicago’s North Park University to support their fundraising success.
North Park University began its capital campaign to build a new science center, but suspended the project and fundraising efforts in 2008 due to the financial crisis. The university had identified the sciences as an area of importance and high growth in the future and its existing science facilities needed substantial upgrading and new technology to provide a competitive education.
In 2010, North Park University resumed fundraising for a new science building and is on target to meet its capital campaign goal. The new building will enable the university to provide a cutting-edge science education to North Park students as well as serve the community, as the university plans to use the building to reach out to area high school students. J.P. Morgan provided a $30 million direct purchase bond to help finance the project and refund a portion of existing debt.
To learn more about how J.P. Morgan's financial solutions for not-for-profit organizations can help you, please contact us or call your Commercial Banker.