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$6M Donation
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Purplehazed Offline
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Post: #1
$6M Donation
Received...I don't see it mentioned anywhere...

Google what JMU donation for info
04-06-2024 03:39 PM
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Bill Offline
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RE: $6M Donation
04-06-2024 03:59 PM
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Polish Hammer Offline
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Post: #3
RE: $6M Donation
Nice donation, I know she advanced to a high rank but didn’t realize you could accumulate such wealth working for the military.
04-06-2024 05:51 PM
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JMU85 Offline
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Post: #4
$6M Donation
A 30 year career especially during the years served does not. I am guessing she was frugal and also did consulting after her years of serving.

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04-06-2024 06:17 PM
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olddawg Offline
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Post: #5
RE: $6M Donation
The consulting, utilizing years of connections, is where the money stream comes. God bless her.
04-06-2024 06:19 PM
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BleedingPurple Offline
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RE: $6M Donation
So much for the thought that you need to be male and love D1 football to be among the biggest of the big givers. 04-cheers
04-07-2024 03:50 AM
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Polish Hammer Offline
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RE: $6M Donation
(04-07-2024 03:50 AM)BleedingPurple Wrote:  So much for the thought that you need to be male and love D1 football to be among the biggest of the big givers. 04-cheers
That donation is not going to the football program, donations like this to a school are common.
04-07-2024 07:42 AM
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Longhorn Offline
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Post: #8
RE: $6M Donation
(04-07-2024 07:42 AM)Polish Hammer Wrote:  
(04-07-2024 03:50 AM)BleedingPurple Wrote:  So much for the thought that you need to be male and love D1 football to be among the biggest of the big givers. 04-cheers
That donation is not going to the football program, donations like this to a school are common.

Common? Wish that were true for JMU.
04-07-2024 07:47 AM
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CarRamrod Online
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Post: #9
RE: $6M Donation
Wasn't it the largest single donation in JMU history? Pretty cool and inspiring.
04-07-2024 07:58 AM
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bcp_jmu Offline
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Post: #10
RE: $6M Donation
(04-07-2024 03:50 AM)BleedingPurple Wrote:  So much for the thought that you need to be male and love D1 football to be among the biggest of the big givers. 04-cheers

You mean the thing that nobody is walking around thinking to themselves? Lordy ..

Awesome gift! Right up there with the kickass crystal collection and the $3M (1.5m match?) cholarship drive a few years ago
(This post was last modified: 04-07-2024 09:15 AM by bcp_jmu.)
04-07-2024 09:10 AM
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JMaddy Offline
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Post: #11
RE: $6M Donation
(04-07-2024 07:47 AM)Longhorn Wrote:  
(04-07-2024 07:42 AM)Polish Hammer Wrote:  
(04-07-2024 03:50 AM)BleedingPurple Wrote:  So much for the thought that you need to be male and love D1 football to be among the biggest of the big givers. 04-cheers
That donation is not going to the football program, donations like this to a school are common.

Common? Wish that were true for JMU.

Agreed, given our alumni base size and general wealth, our overall giving back to JMU is pathetic. Hopefully this is something the new president makes a focus on and changes. Giving back culture needs to start the day the students arrive on campus for the first time.
04-07-2024 10:54 AM
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Purplehazed Offline
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Post: #12
RE: $6M Donation
Just wait until the WGSS grad gifts start flowing in!
04-07-2024 01:02 PM
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JMU83 Offline
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Post: #13
RE: $6M Donation
(04-06-2024 03:59 PM)Bill Wrote:  https://www.whsv.com/2024/04/06/jmu-rece...er-alumna/

Just shows how much more we need to do. Nick said this will help 40 students per year at $6000 per student. Seems it should go farther, but I guess with endowments, it's all about preserving principal.
04-07-2024 06:25 PM
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Dukes_Royals Offline
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Post: #14
RE: $6M Donation
(04-07-2024 06:25 PM)JMU83 Wrote:  
(04-06-2024 03:59 PM)Bill Wrote:  https://www.whsv.com/2024/04/06/jmu-rece...er-alumna/

Just shows how much more we need to do. Nick said this will help 40 students per year at $6000 per student. Seems it should go farther, but I guess with endowments, it's all about preserving principal.

Usually endowments distribute 4-5% of the 5 year moving average balance, so $240k a year would be after 5 years.

Also large endowment gifts typically only come in estate gifts, so not surprising this just happened for JMU (but should be more not far behind).
04-07-2024 06:45 PM
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