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2 Anonymous Donors Pledge $550 Million to Western Michigan U

2 Anonymous Donors Pledge $550 Million to Western Michigan U
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Need to know: Western Michigan University gift, Detroit condo sale set records, and more news of the week

THE NEWS: An anonymous group of alumni has made a $550 million pledge to Western Michigan University, the largest known private donation to a public American university, the Kalamazoo-based university announced. The funding will be spread over 10 years and amount to $300 million for the Homer…

WMU Receives Record-Setting $550 Million Donation

Credit WMUK Graduates of Western Michigan University have given the school a donation that’s thought to be the largest gift to a public university in U.S. history. The anonymous $550 million donation will be split between the university, the Homer Stryker M.D. School of Medicine and Bronco Athletics. At a press event today at WMU’s Heritage Hall that was also streamed online, President Edward Montgomery said the donation, known as the Empowering Futures Gift, would be delivered to the WMU Foundation over the next 10 years. He said at the money would benefit Western and its students at many levels.

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