Friday, April 17, 2009

Show Me the Money

At a time when many organizations and institutions are struggling, there is one donor doling out money on one condition: promise not to try to find out the giver's identity.

According to the Associated Press , since March 1, an anonymous donor has donated $45 million to 9 universities.

"The gifts ranged from $8 million at Purdue to $1.5 million donated to the University of North Carolina at Asheville. The University of Iowa received $7 million; the University of Southern Mississippi, the University of North Carolina at Greensboro and the University of Maryland University College got $6 million each; the University of Colorado at Colorado Springs was given $5.5 million; and Penn State-Harrisburg received $3 million."

Apparently the donor(s) also stipulate that, "Most of the money must be used for student scholarships, and the remainder can be spent on various costs such as research, equipment, strategic goals and operating support."

Anonymous gets my gold star of the week!

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