Media Outlet:
The Wall Street Journal Publication Date:
Description:
MIT has received an unrestricted $140 million gift from an anonymous alumnus, reports Melissa Korn for The Wall Street Journal. “An unrestricted gift of that size is rare in higher education, as donors often want a say in how their dollars are spent. Unrestricted donations can be used for things like facilities upkeep, as well as to pursue early-state scientific research.”