An nameless donor has gifted $5 million to the College of Michigan’s Ross College of Enterprise for scholarships directed to college students who’ve “demonstrated notable dedication to reach enterprise and in life.”
The donation established the True Grit Scholarship Fund, which can cowl partial and full-ride scholarships for choose home and worldwide enterprise college students, in keeping with a Tuesday information launch from the college.
The fund was named and created by a Michigan Ross alumnus who needs to stay nameless, the college mentioned.
“I am extremely excited to announce the brand new True Grit Scholarship Fund to assist college students who’ve overcome challenges to pursue their enterprise schooling at Michigan Ross,” Scott DeRue, dean of Michigan Ross, mentioned within the launch.
The scholarships will probably be awarded to those that have “exhibited private fortitude and resilience” by rising to challenges equivalent to becoming a member of the army or being the primary of their household to pursue a university diploma. Recipients will probably be chosen starting within the fall. A separate utility just isn’t required.
The nameless reward follows a $6 million donation to the varsity made in August by college alumni and mega donors Stephen Ross and Jeff Blau. Michigan Ross additionally obtained a $10 million gift in February from UM regent and alumnus Ron Weiser to construct the Weiser Middle for Actual Property and $2.5 million from the Patricia W. Mitchell Trusts in October for scholarships in enterprise ethics and communications.