Salem Academy & College Awarded $2 Million Matching Grant by BB&T Charitable Fund

September 28, 2018
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BB&T Matching Grant Award
Salem announced BB&T’s generous $2 million matching grant at a board event Thursday night at 500 West 5th Street in downtown Winston-Salem. Pictured from left, Salem Academy and College Board of Trustees Chair Dara Folan, BB&T Triad Regional President Cantey Alexander, Salem Academy and College President Sandra J. Doran, and Salem Academy and College Trustee L. Duane Davis.

Salem Academy and College has been awarded a $2 million matching grant from the BB&T Charitable Fund in support for the Step Up for Salem Campaign, which is focused on raising $10 million in unrestricted gifts by June 30, 2019.

Ed Vest, BB&T executive vice president, said BB&T is proud to be affiliated with Salem Academy and College, the oldest educational institution for girls and women in America.

“As a local corporate citizen BB&T has a strong track record of supporting the communities and organizations it serves,” said Cantey Alexander, BB&T Triad Regional President. “The way that Salem develops its students’ unique potential and prepares them to change the world is relevant now more than ever. BB&T applauds Salem for its outstanding commitment to the furtherance of this mission.”

Under the terms of the grant, BB&T will match 25 percent of all capital campaign funds toward that goal, up to $2 million.

Salem Academy and College President Sandra J. Doran said the BB&T matching grant was a great kickstart to a campaign which will ensure that Salem’s 246-year legacy continues to shine brightly in Winston-Salem.

“We are thrilled and grateful to be awarded this grant,” Doran said. “And I extend my thanks on behalf of the Salem Academy and College Board of Trustees, our dedicated Academy and College employees, all the remarkable graduates who have benefitted from a Salem education throughout the years, and all of the exceptional students who have yet to tell their Salem story.”