Coastal Carolina University in Conway, South Carolina, has announced a $95 million planned gift from a donor who wishes to remain anonymous.
The gift will provide support for the university's academic and athletic programs. The donor, described as an African-American entrepreneur and philanthropist under the age of 30 with a background in financial services and agriculture, is committed to initiatives that support the health and betterment of communities. He has supported several institutions in Alabama, where he lives, including Miles College, one of the nation's historically Black colleges and universities (HBCUs), and is exploring the possibility of supporting other HBCUs in neighboring states.
"This transformational gift will forever impact Coastal Carolina University," said CCU president David A. DeCenzo. "We are extremely grateful for the donor's faith in the university's mission. Without question, this donation will provide tremendous financial support for Coastal Carolina's future growth and development."
"Coastal Carolina is an up-and-coming university on the verge of greatness," said the donor. "During my visit to campus, I was struck by its overall beauty and cordial atmosphere. With its proximity to Myrtle Beach and strong academic and athletic programs, I firmly believe Coastal Carolina is well on its way to becoming recognized as one of the top public liberal arts institutions in the nation. It is my sincere hope that this gift will serve as impetus for others to fully support this wonderful university."
(Photo credit: Coastal Carolina University)