UMF president announces second largest gift

UMF announced on Tuesday Jan. 22, that it has received its second largest donation from two anonymous donors of $3.225 million. The donation, Mainebiz states, “will be used to create Catalyst Fund” which will provide current and incoming student an initiative to graduate in four years.  The Catalyst Fund will also attempt to boost student success and graduate education programs.  According to the Mainebiz, Interim President Eric Brown called the donation “transformative” and furthermore says that “[The] gift provides us with an infusion of vital resources for debt-relieving scholarships, our successful graduate school offerings and programs that promote student persistence.” Brown also explains that due to the “donors making UMF a philanthropic priority” they show a strong belief in the schools “values, mission and institutional goals.” Some of these incentives can be seen as early as this year, but for most it will be seen in the fall semester of 2019.

UMF Merrill Hall
UMF Merrill Hall

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