Concordia to receive largest donation in its history: $30 million planned gift to support students
The vision and generosity of a donor is marking Concordia’s history with a remarkable bequest of $30-million, the largest gift ever to the university in support of students. The donor, who wishes to remain anonymous, has made a planned gift to the Campaign for Concordia: Next-Gen. Now.
“We are deeply grateful that our donor has chosen Concordia as the steward of this historic and transformative gift,” says Concordia President Alan Shepard. “This bequest is an extraordinary act of generosity that will benefit generations of future students and will give our university added momentum.”
Concordia is beneficiary of an increasing number of planned gifts, which provide donors with creative and flexible strategies to achieve their financial, philanthropic and estate-planning goals. Bequests allow Concordia alumni, faculty, staff and friends to create long-lasting legacies that benefit society, advance research and support the next generation of students. Planned gifts also permit tax advantages for donors and their heirs.
“Since its founding, Concordia has benefited from the trust of visionary donors whose planned gifts have helped shape the university and its people,” says Paul Chesser, vice-president, University Advancement. “We are incredibly honoured to be custodians of this remarkable gift.”