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Morgan State president discusses benefits of $40M donation to university

Morgan State president discusses benefits of $40M donation to university
REPORTER: LET’S STAR OFF WITH MORGAN STATE UNIVERSITY. MORGAN SAYS THAT MONEY, $40 MILLION, THE SINGLE BIGGEST PRIVATE DONATION WILL HELP TRANSFORM OREGON INTO A NATIONALLY RANKED RESEARCH. MORGAN STATE UNIVERSITY JU RECEIVED IT’S BIGGEST CASH INFUSION. THE SCHOOL PRESIDENT PLANS TO USE THOSE FUNDS FOR A CAMPUS TRANSFORMATION. $40 MILLION DOUBLES THE ENDOWMENT TO MORE THAN $80 MILLION. THAT WILL BE USED TO INVEST INNOVATION, REINFORCE RESEARCH AND INCREAE THE CALIBER OF THE STUDENTS AND STAFF THE PRESIDENT SAYS IS ALREADY HIGH CLASS DR. DAVID WILSON IS ALSO SINGING THE PRAISES OF THE BILLIONAIRE DONOR FOR HER EFFORT TO HAVE THE EXPEDITION FOR EXCELLENCE. >> WHEN SH DID THE DONATION, SHE REALIZED THAT MORGAN STATE UNIVERSITY IS A PHENOMENAL UNIVERSITY THAT IS WORTHY OF EVERY ONE OF THOSE DOLLARS. REPORTER THE FORMER WIFE OF AMAZON FOUNDER JEFF BEZOS IS DONATING MORE THAN 4 BILLION DOLLARS TO NEARLY 400 ORGANIZATIONS. 1% OF THE $4 BILLION REPRESENTS THAT RATHER ROBUST MORGAN DONATION. SHE SAYS SHE ORDERED HER TEAM TO STUDY 6500 ORGANIZATIONS. THAT LIST GOT CUT DOWN TO MORE THAN 800. THEN DOWN TO 384. AND MORGAN MADE THE CUT. NOW THE PRESIDENT PLANS TO PUT THAT MONEY INTO THE SCHOOL’S UNRESTRICTED ENDOWMENT TO PURS UNLIMITED OPPORTUNITIES. ON A QUEST TO MOLD MORGAN INTO A BALTIMORE-BASED RESIDENCY FOR NATIONALLY RAKED -- RANKED RESEARCHERS. >> WE ALSO LOOK AT PERHAPS A COUPLE OF AND OUT PROFESSORSHIPS THAT WILL ENABLE US TO RECRUIT THE ABSOLUTE BEST FACULTY IN THE WORLD TO COME BETWEEN WHAT -- TO COME TO MORGAN, TO BE T ANCHOR OF URBAN RESEARCH CENTERS -- INSTITUTION AND BALTIMORE CITY. REPORTER: MORGAN’S PRESIDENT SAYS THIS MONEY COMES AT A TIME HE IS TRYING TO POSITION MORGAN IS ONE OF THE TOP RESEARCH UNIVERSITIES IN THE COUNTRY. IN THE FRANCE -- THE FIRST TO RECEIVE R1 STATUS, THE HIGHEST POSSIBLE. BOWIE STATE UNIV
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Morgan State president discusses benefits of $40M donation to university
Maryland's oldest historically Black college and university, as well as the state's biggest HBCU are basking from the benefits of really big gifts.Both Morgan State and Bowie State universities have received the most considerable contributions in their respective histories.Morgan State received its biggest cash infusion. University President David Wilson said he plans to use those funds for a campus transformation.The school received a $40 million gift -- that doubles the school’s endowment to roughly $80 million. That multimillion-dollar donation will be used to invest in innovation, reinforce research and increase the caliber of the students and staff. Wilson is also singing the praises of billionaire donor MacKenzie Scott for doing her due diligence, which now puts Morgan State on a path that's even brighter.“And when she did the due diligence, she realized that Morgan State University is a phenomenal university that is worthy of every one of those dollars,” Wilson said.Scott, former wife of Amazon founder Jeff Bezos, is donating more than $4 billion to nearly 400 organizations.Only about 1% of the $4 billion represents a rather robust donation. Scott says she ordered her team to study about 6,500 organizations. That list got cut down to more than 800 then down to 384 and Morgan State made the cut.Now, Wilson plans to put that money into the school's unrestricted endowment to pursue unlimited opportunities. Wilson is on a quest to transform Morgan State into a world-class research institution in Baltimore.“We may also look at, perhaps, a couple of endowed professorships that will enable us to recruit the absolute best faculty in the world to come to see Morgan as the anchor urban research institution in Baltimore City,” he said.Bowie State also received $25 million from Scott, the largest in the university's history.

Maryland's oldest historically Black college and university, as well as the state's biggest HBCU are basking from the benefits of really big gifts.

Both Morgan State and Bowie State universities have received the most considerable contributions in their respective histories.

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Morgan State received its biggest cash infusion. University President David Wilson said he plans to use those funds for a campus transformation.

The school received a $40 million gift -- that doubles the school’s endowment to roughly $80 million.

That multimillion-dollar donation will be used to invest in innovation, reinforce research and increase the caliber of the students and staff.

Wilson is also singing the praises of billionaire donor MacKenzie Scott for doing her due diligence, which now puts Morgan State on a path that's even brighter.

“And when she did the due diligence, she realized that Morgan State University is a phenomenal university that is worthy of every one of those dollars,” Wilson said.

Scott, former wife of Amazon founder Jeff Bezos, is donating more than $4 billion to nearly 400 organizations.

Only about 1% of the $4 billion represents a rather robust donation. Scott says she ordered her team to study about 6,500 organizations. That list got cut down to more than 800 then down to 384 and Morgan State made the cut.

Now, Wilson plans to put that money into the school's unrestricted endowment to pursue unlimited opportunities. Wilson is on a quest to transform Morgan State into a world-class research institution in Baltimore.

“We may also look at, perhaps, a couple of endowed professorships that will enable us to recruit the absolute best faculty in the world to come to see Morgan as the anchor urban research institution in Baltimore City,” he said.

Bowie State also received $25 million from Scott, the largest in the university's history.