Mysterious Educational Superhero Donates Over $45M to College Campuses

May 1st, 2009

A mysterious superhero has descended upon several Universities throughout the United States.

College Superhero

 

Recently, at least nine college institutions have received gifts totaling over $45 million from a mystery donor. What’s unusual is no one, not even the universities, knows where the money came from.

Typically when an educational institution receives an anonymous donation – they are allowed to know the identity of the donor.  In the recent donation sweep, however – lawyers and middlemen have cornered academic institutions into signed agreements not only disallowing them to know the identity of the donor, but promising not to try and find out.

Some of the schools that received the donations are the University of Iowa colleges receiving 7 million, the University of Southern Mississippi college receiving 6 million, and Purdue’s Indiana college receiving 8 million. It’s not clear whether the gifts come from an individual, organization or group of people with similar interests.

All donations were given on March 1st. Each came with the stipulation that most of the money must go to student scholarships.
Donations have dwindled at several colleges, and many schools have been trying to make ends meet during this economic downturn. These gifts show that someone recognizes the importance of higher education and truly wants to make a difference in the lives of students.  Historically speaking, and only exempting some of the Ivy League institutions – a larger endowment is a typical prelude to enrollment increase.

I would certainly be on the lookout at these specific universities enrollment metrics over the next academic year – as opportunity might arise for those looking to attend one of their programs.

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