University of South Alabama receives $50 million for business school, new scholarship
May 08, 2013
Many individuals have a tough time paying for college tuition. Costs always seem to be rising and, when lumped in with books, supplies and living expenses, it can seem out of reach. However, because of a local philanthropist's donation to the University of South Alabama (USA) in Mobile, that might not be the case for some people.
Businessman Abe Mitchell announced a gift of $50 million to the campus at the school's 50th anniversary celebration on May 3. Thus far, the Mitchell family has donated $93 million in total, making it the leading family in terms of philanthropy for public universities in Alabama.
"When I consider my investment in USA and the people it serves, I remain certain that I have received far more than I have given," Mitchell asserted. "This new scholarship program is about ensuring that a quality higher education remains within financial reach of all our citizens."
Half of the gift will be put toward creating the Mitchell-Moulton Scholarship Initiative for students enrolled in any major, while the rest will support the growth of the Mitchell College of Business.
The family has long been involved in charitable donations at the college. For example, in 2000, USA started construction on the USA Mitchell Cancer Institute, which has seen $22 million in contributions from the Mitchell family.
Nonprofit organizations that hope to benefit from large grant-giving opportunities can improve their chances of being selected for awards when they use nonprofit financial management programs. These solutions can generate data-driven reports for various stakeholders.