MidAmerica Nazarene gets $7.5 million donation
12/15/2011 5:00 AM
05/16/2014 5:55 PM
An anonymous donor has given $7.5 million to MidAmerica Nazarene University – the single biggest gift in the Olathe-based school’s history.
“Our donor has had many years of exposure to MNU and what we do,” said Jon North, vice president for university advancement. “We are so grateful for this demonstration of support that will provide more opportunities to educate young people and adults in a Christian learning environment.”
Officials called the unrestricted cash donation a “game changer.” It’ll be used as an operating reserve and make MidAmerica less reliant on short-term financing.
In January, MidAmerica announced layoffs of 21 employees and other cuts to help it save $1.2 million, a move made necessary by a drop in donations. In a statement Thursday, the university noted that it has seen greater net income and cash flow from operations this year.
| James Hart, firstname.lastname@example.org
Join the Discussion
The Kansas City Star is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.