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John Carroll University Gifted $20M

Financing February 2019
An anonymous graduate of John Carroll University has donated $20 million to the school. The funds are unrestricted, allowing the school to use the donation however it sees fit.

John Carroll University Gifted $20M

School Has Freedom To Use Donation However It Wants

UNIVERSITY HEIGHTS, Ohio (AP) — John Carroll University says an anonymous graduate has pledged a $20 million gift to the school in Ohio.

Cleveland.com reports that the university says the pledge announced Wednesday is unrestricted, meaning the school can use the money however it wants.

The donor said in a university news release that the school "shaped my life, molded my character and inspired my future." The donor also indicated a desire to invest in John Carroll and ensure its mission continues.

John Carroll University last year used a $10 million donation to transform the Boler School of Business into a college.

The private Catholic institution is located in the Cleveland suburb of University Heights.

Photo Courtesy of John Carroll University’s Facebook Page

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