University of Maryland to Receive $219.5M Donation

By Nhu Te

The University of Maryland will receive almost $220 million, the largest donation in its history, from the A. James and Alice B. Clark Foundation.

The donation of $219,486,000 will create and fund a variety of need-based scholarships, graduate fellowships, faculty positions, programs and infrastructure for this university and its engineering school, which bears Clark's name. It was announced at a ceremony Wednesday that included Gov. Larry Hogan, Maryland House of Delegates Speaker Michael Busch and University System of Maryland Chancellor Robert Caret.

The gift will be paid out over the next decade, said Courtney Clark Pastrick, board chair of the Clark Foundation and A. James Clark's daughter. About half of it will go toward need-based scholarships, doubling this university's financial aid support, she said.

"My dad was extremely committed to creating affordability and access to an education at his favorite school," she said.

Read The Full Article The Diamondback

0 Comments

View Comments

Nhu Te Author's page

Nhu Te is senior content manager at Fundraise Up, the AI-powered online donation platform for enterprise nonprofits. In her work, she focuses on helping nonprofits create more impact through personalized donor relations, digital fundraising and thoughtful use of technology.