Michigan State receives $401M gift

[HoggI74]

Michigan State receives $401M gift

Michigan State has received a $401 million gift from Greg and Dawn Williams, supporting the university’s and athletic department’s fundraising initiatives with the largest donation to the school and one of the richest in college sports history.

The gift includes $290 million for the athletics department’s $1 billion fundraising campaign that was launched this week and promoted by former Spartan star and Basketball Hall of Famer Magic Johnson.

Greg and Dawn Williams are also giving $100 million for Spartan Ventures, a non-profit, tax-exempt corporation set up to raise funds for the athletics department.

 

[Moral]

I'm going to have to drink a lot of Swarm alcohol to make up for this.

 

[AnonymousNolonger]

Ole Pat walked into a pretty good situation there. Will be hard not to improve on the last coaches results. And now this.

 

[WeBeHerkin]

Invest that baby and work with the earnings.

 

[MeetTheFerentzes]

JFC. What must someone’s net worth be if able to give a $501M gift?

 

[uihawk82]

JFC. What must someone’s net worth be if able to give a $501M gift?

I just looked them up and their company brings in $5 billion a year, not sure of the companies net earnings but man that is huge

 

[WeBeHerkin]

‘Merica. Is Nike boy dumping that kind of cash?