- Associated Press - Friday, December 16, 2016

MADISON, Wis. (AP) - Donors have helped raise $100 million for student scholarships at the University of Wisconsin-Madison by matching one of the largest individual gifts ever given to the university.

The fundraising effort was spurred by a $50 million donation of matching funds from alumnus Albert “Ab” Nicholas and his wife, Nancy, in June 2015. The effort will enable the school to distribute $4.5 million each year in scholarships to undergraduates, student-athletes and graduate students, the Wisconsin State Journal reported (https://bit.ly/2gRJQtZ ).

More than 250 donors contributed money to match the couple’s gift, according to the university. Campus officials said last year that the donations would fund both need- and merit-based financial aid packages.

The Nicholas family had donated a combined $50 million for financial aid between 1982 and 2014, before giving another $50 million for the scholarship program. UW-Madison said the gift was the second-largest ever given to the university.

Ab Nicholas earned his undergraduate and business degrees at UW-Madison during the 1950s, and also played on the school’s basketball team. Nancy Nicholas graduated from the university in 1955.

“It would be impossible to overstate the impact that the Nicholas family has had on this university,” said Mike Knetter, a university spokesman. “Our university won’t be the same without Ab’s presence, but his legacy will endure here forever.”

___

Information from: Wisconsin State Journal, https://www.madison.com/wsj

LOAD COMMENTS ()

 

Click to Read More

Click to Hide