$125 Million Day for Amherst College
- Charitable giving to higher education restored to pre-recession levels, report indicates
- Whose Money Is It, Anyway?
- Over the Top
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- Don't Panic
Amherst College said Tuesday that it had received separate, unrestricted donations valued at $100 million and $25 million -- its largest gifts ever -- from alumni who wished to remain anonymous. Both donors said they wanted to help Amherst remain both highly selective and accessible to students from all socioeconomic backgrounds, said Anthony W. Marx, president of the Massachusetts liberal arts college. “I make this gift in recognition of the unique education I received at Amherst, and as an expression of support of Amherst College’s mission," the $100 million donor said in a news release from the college. "I hope other alumni will be inspired to further support the college, at a time when the economy is stressing the resources of all higher educational institutions. Amherst is a jewel of enlightenment, social mobility based on talent, and preparation for leadership that we must all maintain.”