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Dartmouth College gets $100 million anonymous donation

Donations to colleges and universities in the U.S. rose 9 percent in 2013 to a record $33.8 billion.
By Aileen Graef Follow @AileenGraef Contact the Author   |   April 10, 2014 at 4:10 PM

HANOVER, N.H., April 10 (UPI) -- Ivy League Dartmouth College received a donation of $100 million from an unidentified benefactor.

The college said they'll use the largest single donation in its 244-year history to hire 30-40 new professors over the next 10 years and towards the "Challenge grant," which is aimed at raising even more money.

The Challenge grant will be useful, as the same anonymous donor promised the school another $100 million if they raise $50 million on their own by December 31 of next year.

[HuffPost Live]

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