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CAMPBELL FOUNDATION ANNOUNCES $500,000 CHALLENGE GRANT TO CAMDEN AQUARIUM

 CAMPBELL FOUNDATION ANNOUNCES $500,000 CHALLENGE GRANT
 TO CAMDEN AQUARIUM
 CAMDEN, N.J., June 9 /PRNewswire/ -- Campbell Soup Company (NYSE: CPB) today became the first major corporate donor to the new Thomas F. Kean State Aquarium in Camden with the announcement of a $500,000 challenge grant and a call to other corporations to meet the "Campbell Challenge."
 Under the terms of the Campbell Foundation's grant, the aquarium will initially receive $250,000. Campbell will double the award to $500,000 if the aquarium obtains six additional grants for $250,000 each by November 30, 1992.
 Campbell Chief Executive Officer David W. Johnson said the Campbell Foundation grant "recognizes the compelling importance of this magnificent Aquarium to the culture and economic development of the Delaware Valley and the city of Camden."
 Based in Camden since its founding in 1869, Campbell Soup Company has been a major force behind the revitalization of the city's waterfront area, which is home to the aquarium.
 "The aquarium is the lead project and anchor in a planned $500 million revitalization of the Camden waterfront. Beyond creating about 200 full-time and part-time jobs in Camden, the aquarium has immeasurable value as an uplifting and progressive force in the community," said Johnson.
 The company's donation will enhance the "Edge of the Abyss" exhibit, the aquarium's premiere tank which is the second largest indoor tank in the country and home to over 400 fish of 40 different species from regional shores.
 The aquarium is operated by the New Jersey Academy for Aquatic Sciences, a non-profit institution whose mission is to promote the understanding and protection of aquatic life and habitats.
 The "Campbell Leadership Challenge" hopes to generate additional corporate donations for the academy's major fund-raising campaign which has a goal of $5 million.
 "The academy is pleased to accept this donation from Campbell Soup Co., which will enable us to plan for strategic growth," said Judith Wellington, president and chief executive officer of the aquarium.
 "It is our hope that the Campbell Foundation's generous Challenge Grant will spur other corporate donations to fund new, dynamic exhibits and educational and outreach programs," she said.
 The New Jersey State Aquarium is not only a monument to the "spirit of childlike wonderment," said Johnson, but "a monument to challenge.
 "Challenge is why we at Campbell Soup want to make this presentation today," he added. "We remember those delicious moments of youthful fascination and we want to do something to keep that fascination alive in the eyes of children today."
 /delval/
 -0- 6/9/92
 /CONTACT: Judy Dagnoli, 609-342-6429, or Kevin Lowery, 609-342-8533, both of Campbell Soup/
 (CPB) CO: Campbell Soup Company; Thomas F. Kean State Aquarium ST: New Jersey IN: SU:


MK -- PH027 -- 8427 06/09/92 14:59 EDT
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Publication:PR Newswire
Date:Jun 9, 1992
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