Stephens College has received a $15 million donation, the largest gift in the central Missouri school’s history.
The Columbia Daily Tribune reports the $15 million gift was from an anonymous donor and isn’t tied to a particular program or purpose.
Stephens President Dianne Lynch will make recommendations to the trustees about where the dollars should go. Lynch says the money isn’t being treated as replacement dollars, and the funding “will shape Stephens College into its next century.”
The second-largest gift the college received in its 180-year history was a $3 million donation in 2006 from Carolyn Boone and her late husband, Jack. That money was used to fund the final phase of Lela Raney Wood Hall renovations, and the administrative third floor is named in Carolyn Boone’s honor.