MCPHERSON, Kan. (AP) — An anonymous donor is pledging up to $500 million to McPherson College, a small liberal arts college in central Kansas, officials announced Friday.
The anonymous donor will match match every financial gift to McPherson College two to one up to $500 million. The college has until June 30 to raise $250 million. If it does, the school will receive the donor’s entire $500 million, for a total of $750 million.
The announcement comes just months after California philanthropist couple Melanie and Richard Lundquist announced they were giving $25 million to the school, which has about 800 students.
Melanie Lundquist said during Friday's announcement that they would raise their donation to the school’s Building Community Campaign to $50 million.
With the donations and commitments already raised, plus the Lundquists’ $50 million, McPherson College has already raised $130 million of the $250 million needed.
McPherson College President Michael Schneider said the donations will be used to fund a project that provides matching funds for students who hold jobs while attending school, and a new campus master plan.
It will also fund a Kansas Center for Rural & Community Health Science and a National Center for the Future of Engineering, Design & Mobility.
McPherson College offers more than 30 undergraduate degree programs.
