Centre College has landed a $20 million gift as part of an ongoing $200 million fundraising campaign that would approach the amount of a single donation the liberal arts college thought it was receiving but ultimately lost out on.
The nearly 1,400-student college in Danville, Kentucky, said Monday that the $20 million gift given by an anonymous donor will help create a new full-ride-plus scholarship program. It’s the lead gift for the $40 million scholarship program that will support 40 students by the fall of 2019.
Centre says its fundraising campaign will end in 2019, the 200th anniversary of the school’s founding.
The school lost out on a $250 million donation that was withdrawn in 2013. The all-stock gift would have been one of the largest gifts in U.S. higher education history.