Second $500M Pledge Boosts Kansas College’s Total Endowment to ‘Historic’ $1.59 Billion

An anonymous donor who pledged $500 million in matching funds to a small Kansas college — making it one of the largest gifts to any higher education institution — has pledged another $500 million, McPherson College announced Friday. The gifts, once received, will bring the college’s endowment to $1.59 billion, which breaks down to $1.99 million per student. The college has about 800 students.