University in St. Paul Receives $50-Million Gift
January 25, 2008 | Read Time: 1 minute
The University of St. Thomas’s Opus College of Business announced a $50-million gift on Thursday from an anonymous donor, reports The Chronicle of Higher Education.
The money will endow scholarships and academic programs.
The St. Paul university has so far raised $317-million as part of an eight-year $500-million fund-raising campaign.
The Star Tribune, in Minneapolis, reports that the gift is one of a string of major donations the university has received in the past decade.
In 2000, Richard Schulze, founder of Best Buy, and his wife, Sandra, gave St. Thomas a gift of $50-million, while Lee Anderson, owner and chairman of the St. Paul-based APi Group Inc., and his wife, Penny, gave the university $60-million in 2007. That donation put the Andersons on The Chronicle of Philanthropy’s list of the most-generous donors of 2007.
