EAST LANSING, Mich. (WLNS) – Michigan State University gets its largest single donation in school history at $30 million.
It’s a monumental day at MSU, as school officials accepted a gift that they say will change the university forever.
A sea of people all came together to celebrate the announcement of a historic donation to MSU.
“I’m happy about the fact that the donation is here,” said MSU Interim President John Engler.
Where will the money go? School officials say it’s going to help finish the pavilion at the Eli Broad College of Business on campus.
Engler says he’s glad to see the university moving forward.
“My goal is to leave everything better than it was when I arrived; I think we’re doing that,” said Engler.
The donation comes from Spartan alum Edward Minskoff, a New York City real estate developer who graduated from MSU in 1962. He says he wanted to give back to the university that gave him so much.
Michigan State University was a very important time of my life. Michigan State gave me a strong foundation that enabled me to be successful going forward,” said Minskoff.
By making this donation, Minskoff says it will make a positive impact on campus for many years to come.
“My great grandchildren will get to see it,” said Minskoff. “That’s important to me.”
The 10,000 square foot pavilion will open its doors to students starting in the fall of 2019.
Michigan State University has received a historic donation from an alumnus and real estate developer.
Edward Minskoff has given the school $30 million to be used for the completion of the Business Pavilion at the Eli Broad College of Business.
“Michigan State is an important university and important to my past. It gave me a strong foundation, so I am privileged to be making a contribution that will help Michigan State continue to attract and prepare future business leaders,” Minskoff said.
The gift, the largest single gift received from an individual in MSU’s 163-year history, will create innovative learning and career development spaces for business students.
To recognize the gift, Interim President John Engler will recommend to the MSU Board of Trustees that the Business Pavilion be named the Edward J. Minskoff Business Pavilion.
The 100,000-square-foot pavilion opens to Shaw Lane and is adjacent, and connected, to the current business college facilities.
It will feature state-of-the-art collaborative and immersive learning environments, a glass-walled atrium that affords panoramic views of the Red Cedar River and an expanded career center to serve students, recruiters and corporate partners.
Many of the spaces reflect corporate innovation, are on the cutting-edge of higher education technology and are designed to foster collaboration, thus helping prepare business students for success in the workforce.
6 News did some research and the the current school record for a single donation is $26 million.
Here’s a list of the largest donations to date:
$26 million – Eli Broad for Broad Art Museum (later raised to $28 million and then $33 million with subsequent donations, but we’re only looking at SINGLE donations)
$25 million – Eli Broad for Business school expansion
$15 million – Dan and Jennifer Gilbert for Breslin Center and Detroit programs
$12.6 million – Albert Dehn (estate) for Veterinary school
$10.7 million – John Koza for Engineering school (adds to $2 million from a previous donation, making the total $12.7 million)
$10 million – Bob and Julie Skandalaris for athletics
$10 million – Richard and Helen DeVos for Grand Rapids research center