Monmouth College has received the largest gift ever in its 164-year history. An anonymous donor has promised to give 20 million dollars - 15 million in "the near term," and 5 million as a deferred gift.
Officials will only say the gift comes from a couple, and they are long-time supporters of Monmouth College.
The money will be added to the college's endowment which now stands at 100 million dollars. And be used for student scholarships and financial aid, to support faculty and staff projects, and to pay for capital improvements.