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The $ 100 million gift sets records in Alabama

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A A $ 100 million gift The University of Semford is the greatest gift from a single donor a Christian institution has ever received. It is also the greatest gift an individual donor has ever made to a higher education institution in Alabama.

The gift comes from the estate of graduate Marvin Mann, who died in March. According to Mann’s wishes, $ 95 million will go to student scholarships, and the remaining $ 5 million will go to support the Francis Marlin Mann Center for Ethics and Leadership, which Mann founded in 2008 in honor of his late wife.

“Marvin Mann’s generosity to Samford is unmatched in textbooks on the institution’s history,” said University President Beck Taylor. “It’s a truly transformational gift that will fulfill Marvin’s desire for more students to have the life-changing opportunities he had as a student and to strengthen the university for the future.”

Mann, a first-generation college graduate from Springdale, Alabama, worked at IBM for 32 years before founding Lexmark International Inc. in 1991, where he served as chairman and CEO until 1999.

The gift is expected to provide approximately $ 3.75 million annually in financial aid that will benefit more than 100 students per year.

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