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Skip's Challenge

In 2014, the Viragh Foundation – the family foundation of Skip Viragh ’64, one of our most faithful and generous donors – stepped in and negotiated the purchase of $26.7 million of Spring Hill College’s high-interest, short-term debt for $18.7 million and drastically reduced the interest owed so that the College could focus on paying back the principal.

Then, the Foundation promised to match – dollar for dollar – every gift made to repay the $18.7 million that was left over, leaving Spring Hill College with around $9+ million left to pay off. With the help of generous donors from the Spring Hill College extended family, we were able to raise this amount of money and have now, as of July 2016, successfully achieved enough gifts and pledges to pay off this $27 million debt. Thank you to all who contributed and for the faith and confidence in the Spring Hill College educational experience.

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