In the Moment, May 27, 2021 Show 1058. Lake Area Technical College in Watertown has recently received a gift of $10 million from author and philanthropist
South Dakotaâs nationally recognized colleges Lake Area Technical College of Watertown and Mitchell Technical College of Mitchell say they are honored to be the recipients of significant impact gifts from philanthropist and popular novelist, MacKenzie Scott. Â
The announcement, made through social media, states that 384 organizations including Lake Area Technical College and Mitchell Technical College received generous donations to assist in continuing the good work they are already doing. The colleges will be using the donation to support transformative initiatives that will remove barriers for students and allow them the success everyone deserves.
MacKenzie Scott focused her giving on immediate support to people suffering the economic effects of the pandemic crisis but also seeks out organizations for their leadershipâs track record of effective management and significant impact in their fields. Lake Area Technical College President Mike Cartneyâ¦.
As Lake Area Technical College continues to grow, officials provided an update on the five-year, $40 million capital campaign launched in 2019.
At the time of the update, they didnât expect to receive a significant boost from one of the worldâs wealthiest people.
On Wednesday, LATC announced the school, along with Mitchell Technical College, received monetary donations from philanthropist and novelist MacKenzie Scott. Scott, the ex-wife of Amazon owner Jeff Bezos, allocated the collegesâ donations as part of nearly $4.2 billion in charitable giving to 384 organizations.
In a Medium blog post, Scott wrote she targeted the donations via a data-driven approach to support people suffering the financial effects brought about by the COVID-19 pandemic. Scott wrote that the donations will go toward a mix of short and long term initiatives including food banks as well as educational institutions that train people for skilled careers.
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