Alumni Pledge $50M to St. John’s CollegeNovember 8, 2016 |
SANTA FE, N.M. ― Two graduates of the small liberal arts institution St. John’s College have pledged a record $25 million to the school.
The Santa Fe New Mexican reports that Ron Fielding and Warren Spector announced their gifts to St. John’s endowment, saying the donations should be used to help students who wouldn’t otherwise be able to afford school.
St. John’s has campuses in Santa Fe and Annapolis, Maryland, and tuition costs about $50,000 a year.
The gifts will benefit both the New Mexico and the Maryland campus, though details regarding how the money will be split have not yet been worked out.