$40M donation to LSU largest in school history
BATON ROUGE - LSU announced Wednesday the university received a $40 million planned gift that will benefit athletic and engineering scholarships.
A university spokesperson said once fully realized, the donation from an anonymous alumni will be the largest planned gift in the school's history.
"This is a significant gift to LSU in so many ways," said LSU President and Chancellor F. King Alexander. "When realized, it will ensure that our future engineering students and student athletes will have the resources they need for even greater educational success."
The donation will provide $20 million to the Tiger Athletic Foundation to pay for student-athlete scholarships and facilities, and $20 million to the LSU Foundation in support of student scholarships in the LSU College of Engineering's Department of Mechanical & Industrial Engineering.
It's also the largest planned gift to a single department in LSU's history.