MONMOUTH, ILLINOIS (January 21, 2026) — A transformational $5 million investment from 1965 graduate William Goldsborough — the former chair of his alma mater's Board of Trustees — and his wife, Beverly, is accelerating Monmouth College's momentum, strengthening the student experience, modernizing the campus, and investing in the college's future.
"Beverly and I made a decision to pull our estate gift forward so we could see its impact in our lifetime," said Goldsborough.
"We believe strongly in what's happening at Monmouth right now, and we hope our decision encourages others to step forward and invest in the college's momentum."
Monmouth President Patricia Draves agrees, noting, "This remarkable $5 million leadership gift is transformational for Monmouth. Bill and Beverly's generosity reflects deep belief in Monmouth's mission and its future, and it is already changing what's possible for our students and our campus. We are profoundly thankful for their vision, their partnership and the legacy they continue to build at Monmouth."
The gift focuses on three foundational priorities: Expanding opportunity for students, caring for Monmouth's campus, and positioning the college for long-term growth.
A significant portion of the gift will permanently support Peterson Residence Hall, ensuring one of Monmouth's most beloved student communities remains a vibrant and welcoming home for generations of Scots.
"The fund's annual income will provide steady resources for renovations, furnishings, and facility upkeep, relieving pressure on our operating budget," said Hannah Maher, Monmouth's vice president for development and college relations.
The largest portion of the investment — just shy of $2 million — is targeted for digital transformation, one of five foundational pillars that President Draves vowed to address shortly after taking office in 2024.
"To remain competitive and future-ready, Monmouth must modernize its digital environment, both behind the scenes and in the ways we reach, teach, and engage students," said Draves.
The investment strengthens how Monmouth recruits, communicates and teaches — from upgraded classroom technology that enhances learning and collaboration, to modern digital tools that help the college connect with new families, support faculty, and prepare students for today's workforce.
This investment will also remove long-vacant campus buildings, improving safety and appearance while opening space for future development.
Collectively, the Goldsboroughs' $5 million leadership gift strengthens Monmouth's foundation while fueling its future — investing in students, the campus, and the tools needed to grow.
"This gift accelerates our momentum," said Maher. "We are incredibly grateful to Bill and Beverly for their leadership and generosity, which allows us to move forward with confidence and invite others to join in shaping what Monmouth can become."
"I wish I had considered pulling our gift forward earlier, but better late than never," said Goldsborough.
"It's only natural to want to see how one's philanthropy can make a difference at an institution."
