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Small Kentucky College Lands $250 Million Donation

A tiny liberal arts school in rural Kentucky that hosted vice presidential debates in 2000 and 2012 announced a $250 million donation Tuesday, one of the largest single gifts in higher education history.

The all-stock donation to Centre College from the A. Eugene Brockman Charitable Trust ranks among the 20 biggest gifts ever to a U.S. college or university, according to a list maintained by the Chronicle of Higher Education. It is the second-largest such gift to a U.S. school since 2011, according to the Chronicle of Philanthropy, surpassed only by New York Mayor Michael Bloomberg's $350 million donation to Johns Hopkins University announced earlier this year.

Centre will use the money to set up scholarships for students majoring in science, economics and computer science. Centre College President John A. Roush said the gift, which comes in the form of stock in Universal Computer Systems Holding Inc., represents a "fundamental transformation" in the school's ability to support students demonstrating leadership potential.

Source: AP. Read full article. (link)

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