WACO (CBSDFW.COM/AP) — Baylor University has announced a $100 million donation that administrators say is the largest gift in school history.
A Baylor statement says the donor wishes to remain anonymous.READ MORE: Experts Hope Rise In COVID Vaccinations Means US Is Waking Up To Delta Variant Dangers
The donation, announced Saturday night in Waco, has been earmarked for Baylor’s $1.1 billion Give Light philanthropic campaign that includes teaching, research and service. School officials say the campaign has so far raised $692 million.
Officials say a large portion of the $100 million gift will create a matching fund to launch the Baylor Academic Challenge and also will support other components of the Give Light campaign.READ MORE: Proposed Texas GOP Elections Audit Would Only Look At Large, Mostly Democratic Counties
“We give thanks for the generosity and vision of this family, and for the transformational effect this generational gift will have at Baylor,” said David Rosselli, vice president for university advancement.
Baylor is the world’s largest Baptist university, with enrollment of about 17,000.MORE NEWS: Texas Star Gymnast Simone Biles To Return For Olympic Balance Beam Finals
(© Copyright 2019 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)