A billionaire couple is giving $100 million to Atlanta’s Spelman College, which the women’s school says is the largest-ever single donation to a historically Black college or university.
The donation was announced Thursday by Ronda Stryker and her husband William Johnston. She is the billionaire granddaughter of the founder of medical device maker Stryker Corp. and he is the chairman of money management firm Greenleaf Trust. They live in Michigan.
Spelman said that it would use $75 million to endow scholarships. The rest of the money will be used for other purposes, including developing an academic focus on public policy and democracy and improving student housing, a sore point in recent years among Spelman students.
Read this story for free
To continue reading, sign up for our newsletters and get unlimited access to WABE.org
We won't share your information with outside organizations Why am I seeing this?
