Maine Maritime Academy
Fundraising & Financing
Annual Giving Report July 1, 2012 - June 30, 2013
Early Contributions
The overall cost of the building is just
over $14 million and the Academy has
been working for the past several years
to raise money to make the new building
a reality. Contributions have come from
industries employing MMA graduates,
from alumni, and from foundations who
know the value of an investment in MMA.
The American Bureau of Shipping (ABS)
was the college's first partner in this cam-
paign, donating $2.5 million to name the
ABS Center for Engineering, Science and
Research, and contributing an additional $600,000 to support applied research at
MMA. Robert Somerville `65, Former Chairman of ABS, and MMA's Board Vice-
Chair, was instrumental in securing these gifts, the largest corporate gifts in MMA's
history.
During the groundbreaking ceremony, Robert Somerville `65 announced that
Arthur "Kitt" Watson, one of the newest members of the Maine Maritime Academy
Board of Trustees, has pledged one million dollars to the campaign. "This is an in-
credible gesture of personal generosity, demonstrating a deep affection for the Acad-
emy," said Somerville. "On behalf of the entire Maine Maritime Academy family, and
especially our students who are the real beneficiaries of his gift, I offer a heartfelt
thank you to Mr. Watson."
Other major donors to date include:
Strategic Maintenance Solutions
Founded by Jason Oney '96 and Dan Hobart `94
Bill Haggett, Chair of the Campaign
Scott Searway `66
The Davis Family Foundation
Ocean Properties, Ltd.
The Libra Foundation
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