Mystery gift – Scholarships funded

WINSTON-SALEM, N.C. — Wake Forest University officials don’t know the identity of a donor who made a gift of stock worth $4 million to create scholarships for lower- and middle-income students.

School officials are used to working with donors who request anonymity, but this gift was made through the donor’s investment manager at a Wall Street firm.

Up to 32 scholarships could be awarded this spring for this fall’s semester. Renewable for up to four years, each scholarship will cover up to three-fourths of the student’s college expenses.

“Typically, when an anonymous gift is made, someone at the university knows who made it,” said Robert Mills, an associate vice president for university advancement. “I have never heard of one like this, here or elsewhere, and certainly nothing of this proportion.”

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