The university's President Lou Anna K. Simon says in a statement that the gift comes "at a critical time when greater investment is needed to build endowed scholarships."
Michigan State graduate giving $5.3M to engineering school →
"This new endowment gift will ensure the museum can continue to advance its mission through engaging exhibitions," said university President Lou Anna K. Simon. "We are grateful to Eli and Edythe Broad for their continued generosity and support."
Broad Art Museum gets $5 million donation →