The University of Connecticut’s fundraising organization that paid for Gov. Dannel P. Malloy’s trip to Switzerland and China has now paid $660,000 in cash to buy a house in Hartford’s west end for President Susan Herbst.
The house is meant to be used by the president to raise money for the university, according to a Hartford Courant report.
At an unrelated event Tuesday morning, Malloy said that he’s “excited that the University of Connecticut realizes that it has an obligation to do a better job raising money.”
“They have to have some room to make their strategic decisions on how to do that,” Malloy said.
Josh Newton, the UConn Foundation’s new president, told the Courant that when he was vice president for development at Emory University in Atlanta they raised $1.7 billion over a seven year period. Over that same seven years, the UConn foundation raised $405 million.
“We’re more than a billion behind, so they need to step it up and they need to do the things that are going to allow them to step it up,” Malloy said pointing to difference in fundraising between Emory and UConn.
He said he has high expectations for the university and wants it to become one of the top 10 public research universities in the country.
The home is in the west end of Hartford not far from the governor’s mansion. It was purchased with donations raised specifically for the purpose of purchasing the more than 5,000-square-foot Tudor-style home