gift

Smith College receives $50M gift; largest individual donation in its history

NORTHAMPTON — Smith College has received a $50 million endowment gift — the largest individual donation in the school’s 155-year history.

The college announced Tuesday that the gift — $40 million designated for student financial aid and $10 million to “re-envision” the school’s career development program — is from an alumna who wishes to remain anonymous. It was made through a private foundation.

“I could not be more grateful for this alumna’s generosity, vision and belief in the power of a Smith education,” Kathleen McCartney, Smith College president, said in a statement.

“Her investment in the college will allow us to make a giant stride in equalizing the Smith experience for students from low- and middle-income backgrounds.”

The announcement included a statement from the donor saying, “Smith had a meaningful impact on my life, both personally and professionally, and I feel an obligation to pay it back.”

One of Smith

Read More Read more