Portland State University Tantalized by $100 Million Gift That Vanished

Portland State University administrators hoped to unveil the largest gift in the school's 69-year history Tuesday, a bombshell $100 million anonymous donation.

Portland State had invited Gov. Kate Brown and Portland Mayor Charlie Hales to a Tuesday morning news conference announcing the unrestricted contribution by a man described as a former student. The gift would have almost doubled the school's endowment and supported students, faculty and research.

But the festive mood on the South Park Blocks soured when the would-be benefactor did not deliver. Two days after the planned announcement, the $100 million windfall still hasn't materialized in the PSU Foundation's bank account.