Tag: donation

Mastercard introduces round-up charity donation feature

This unprecedented year has accelerated charitable giving by double-digit percentages[1]. With consumer spending increasingly moving online, Mastercard is today announcing the expansion of its digital giving platform – Mastercard Donate – to enable cardholders to round up their everyday spend to the nearest dollar for donations to the charity of their choice.

Consumers will be able to simply register their debit or credit card information, select the cause they wish to support and start contributing small donations that add up to big impact. Visitors to the Mastercard Donate site can already make one-time and recurring donations. The newly expanded roundup feature, allowing cardholders to make donations based on the roundup amount, will be made available to U.S. cardholders through a new Mastercard Donate mobile app in time for the holiday season and through the website shortly after.

With the freedom to modify where their contributions go and with real-time

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$10 million donation is Central Michigan University’s largest in its history

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

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