Gustavus Adolphus College in Saint Peter, Minnesota, has announced a gift of $40 million from an alumni couple who wish to remain anonymous.
The largest commitment in the college's history will provide significant funding for scholarships though two programs — the Trustee Scholarship program for high-achieving students and the Promise Scholarship program for gifted students from low- or middle-income families who are eligible for the Federal Pell Grant Program. The gift also will support the renovation and expansion of the school's Nobel Hall of Science, a $70 million project that will double the size of the building and support student initiative and intellectual risk-taking in science, technology, engineering, arts, and math (STEAM) disciplines.
"Our generous donors shared one simple motivation behind this incredible gift. They want Gustavus to be at the forefront of liberal arts education well into the future," said Gustavus Adolphus College president Rebecca M. Bergman. "We want the best and brightest students and faculty at Gustavus. This gift allows us to not only recruit and retain these talented scholars, but provide state-of-the-art facilities for both classroom and hands-on learning."