Another college in Michigan is benefiting in a big way from the estate of a businessman who valued higher education.
Central Michigan University received $10 million from alum Robert Richmond, whose cash donation is the largest single gift in the school’s history.
The announcement of the gift comes just a few months after Albion College said it received a $7.5 million chunk of Richmond’s estate — one of the largest gifts the private liberal arts school has ever received.
Richmond, who graduated from Central Michigan in 1966 with a degree in business administration, died last year at age 78 after a three-year battle with pancreatic cancer.
The gift to his Mount Pleasant-based alma mater will be used to create an endowment for scholarships, student service needs and initiatives to help underserved populations, CMU said in a news release.
“This gift is the culmination of Mr. Richmond’s life and work, and