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PRESS RELEASE / ANNOUNCEMENTS Wednesday, May 25, 2016

Matching Gift Propels peabody Stadium Campaign Into Final stretch

On Monday, the Foundation for SBHS announced that it has received a $100,000 challenge grant from an anonymous donor for the Peabody Stadium renovation. That donor will match, one for one, all donations to the stadium before graduation on June 8, 2016, up to a total of $100,000.

Since fall of 2014, the Foundation for Santa Barbara High School has raised $4.65 million toward its $5 million goal in the campaign to renovate the stadium, track and field at SBHS. The Foundation hopes to raise the remaining $350,000 before graduation on June 8, 2016.

The Peabody Stadium renovation includes rebuilding the 94-year-old stadium to current building codes, replacing the grass field with artificial turf, and installing an 8-lane synthetic surface regulation track. In addition to serving the 2,250 students at SBHS, the new facility will be open to the public during non-school hours.

Donations from individuals and community organizations, including Charles Schwab, the Hutton Parker Foundation and MarBorg Industries, have helped propel the campaign into the final stretch.

Charles Schwab, class of ‘55, was a yell leader and a member of the golf team at Santa Barbara High School before becoming an internationally renowned investor and businessman. “Mr. Schwab was one of the early supporters of the renovation, and his generous donation helped get our project off the ground,” said Katie Jacobs, Director of Development for the Foundation.
SBHS, has also supported the renovation. Mario F. Borgatello, one of the two founders of MarBorg Industries, was a Don, and many MarBorg employees are either Dons themselves or parents of students at Santa Barbara High School. “Supporting this project is a good way for us to honor all our employees who are connected to the school and also give back to our community,” explained David Borgatello, Vice President at MarBorg Industries.

“We are so grateful to all the alumni, parents, and organizations that have supported this project,” said Greg Tebbe, chair of the capital campaign and himself a graduate of Santa Barbara High School. “It’s wonderful to see how many people believe in public education and understand the potential for this project to benefit our students and the community.”

The project is a collaborative effort between Santa Barbara High School, the Foundation for SBHS, and the Santa Barbara Unified School District. The District estimates the cost of construction will be $17 million and has budgeted approximately $9 million in bond funds and $3 million in a State grant for the project. The Foundation is raising the remaining $5 million from private sources.

Donors can name a seat in the new stadium for $1,000, although Jacobs emphasized that gifts of all sizes are welcomed. Many classes and families are pooling their donations to purchase seats or to have their names appear on the new permanent donor wall.

“We are in the final stretch of fundraising and this matching challenge will double your donation,” said Jacobs. “I’d like to invite every Don, every current and future parent of a Don, and every neighbor of our school to come forward and give whatever they can to help us reach the finish line.”

For more information about the Peabody Stadium renovation, or to make a donation, please contact Katie@foundationforsbhs.org or www.foundationforsbhs.org, or call 805-966-9101, extension 5225.

Contact

Katie Jacobs, Director of Development Foundation for SBHS 805-966-9101 ext. 5225

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