ANNAPOLIS, Md. (AP) — St. John's College has received two $25 million donations in one day, with each gift enough to break the school's previous record for its largest single contribution.
The Capital newspaper (http://bit.ly/2frDeON ) reports alumni Ron Fielding, a 1970 graduate, and Warren Spector, a 1981 graduate, announced they would each give $25 million to the college during the school's Board of Visitors and Governors meeting in Annapolis on Saturday.
School officials said in a news release that the largest share of the combined $50 million gift will go toward the college's endowment, where it will support academics, financial aid and career services.
Fielding gave $10 million to the school in 2003, then a record for largest single donation. He says he hopes his latest contribution will inspire more donations to the school.
Information from: The Capital, http://www.capitalgazette.com/