Western Michigan University receives record-breaking $550M donation
Anonymous donors gifted Western Michigan University $550 million, the largest ever gift to a public university, the Washington Post reported.
The donation from anonymous university alumni breaks the previous record for a private donation of $500 million in 2016 to the University of Oregon, the Washington Post said.
The university is planning a news conference to announce a “transformational development that will strengthen the university community for generations to come,” according to a press release from the university.
WMU’s record-breaking gift will be delivered to the university’s foundation over 10 years where it will flow into three main streams, according to the Washington Post story: $300 million for Western Michigan’s Homer Stryker M.D. School of Medicine; $200 million for need-based financial aid, faculty hiring and other university initiatives; and $50 million for the school’s Bronco athletic programs.
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