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September 19, 2014

$25-Million Gift Boosts Financial Aid at Wisc. College

Lawrence University has received an anonymous $25-million donation to establish an endowed scholarship at the Appleton, Wisc., liberal-arts college, the Milwaukee Journal Sentinel reports.

The dollar-for-dollar matching gift will provide a $50-million boost to Lawrence's endowment for scholarships, allowing the institution to offer aid that meets the full financial needs of at least 50 students a year in perpetuity, the university said in announcing the donation Wednesday. Lawrence's endowment stood at $250-million on June 30.