A 1965 alumnus of Augsburg College who wishes to remain anonymous has given the school its largest unrestricted gift ever – $10 million, the Pioneer Press reports.
The school plans to put the money toward a new $60 million academic building on its Minneapolis campus. With the new donation, the college has now raised $23 million of the building's cost.
The building will house a variety of academic programs, including biology, business, chemistry, computer science, math, physics, psychology, and religion, the college writes on its Facebook page. The school hopes to begin construction on the new building next year.
Here's more info about Augsburg's 20-year growth and master plan.
The mysterious donor is a long-time supporter of the college who graduated with bachelor's degrees in mathematics and business administration, Augsburg says in a press release.
"Augsburg is a 143-year-old anchor institution in the heart of Minneapolis' Cedar-Riverside neighborhood. This gift puts Augsburg on the path of being a college for the 21st century, and one that continues to deliver academic excellence in the liberal arts and professional studies," Augsburg College President Paul C. Pribbenow said.