LOUISBURG — Louisburg College has raised $15 million, reaching its fundraising campaign target two years early.
The Board of Trustees recently voted to increase the goal to $18 million in donations by the end of 2015.
The two-year college in Franklin County was in a severe financial struggle when it was placed on probation by the Southern Association of Colleges and Schools Commission on Colleges in 2006. In 2009, the college retained full accreditation.
Mark La Branche, Louisburgs president, said in a news release Monday that the Great Futures Campaign had been crucial to the colleges resurgence. Fundraising has doubled in the past five years, according to the college.
The campaign was announced in 2012, during the colleges 225th anniversary. So far, the money has been used for scholarship endowments and construction projects, including the preservation of historic campus buildings.
If the college is successful in raising another $3 million, the donations will be used to convert a coal plant, build a fitness center and football locker room and renovate the student center and dining hall. Other planned improvements include revamping the colleges fine arts complex.