College Avenue Homes

To ensure long-term financial sustainability, Bethel must look beyond its traditional revenue streams of tuition, annual fundraising, and endowment distributions and think creatively about how to maximize its existing assets. Over the years, faculty have bequeathed several homes adjacent to campus—primarily along College Avenue—that have served a variety of purposes, including office space and guest housing. These residences now present a significant opportunity to become key income-generating assets for the college.

WHY THIS PROJECT MATTERS

Diversifying revenue is essential in today’s higher education environment. Strategic investment in the rehabilitation and long-term care of these College Avenue homes will create a dependable new source of income that directly supports student initiatives, the development of new classes, and other critical capital needs across campus. At the same time, these revitalized properties will enhance the physical appearance, hospitality, and appeal of Bethel’s campus environment.

A COMPREHENSIVE INVESTMENT WILL:

• Rehabilitate faculty-donated homes for sustainable long-term use
• Create a new, consistent revenue stream to support the college
• Establish a dedicated maintenance fund to protect these assets long-term
• Make the College Avenue corridor more welcoming and visually appealing

TIMELINE

Planning and fundraising will occur during the campaign period, with rehabilitation work beginning as philanthropic investments are secured.

IMPACT OF YOUR SUPPORT

Donor support transforms these College Avenue homes into powerful financial and physical assets for Bethel College. Your investment strengthens long-term revenue, expands support for students and academic innovation, and enhances the vitality and appearance of the campus for future generations.