Mt. St. Mary's receives $6 million gift
EMMITSBURG, Md. - Mount Saint Mary's College and Seminary has received one of its largest gifts ever, with an estimated value of more than $6 million over a 35-year period.
Funded by an anonymous donor, the gift is in the form of a 35-year trust that is expected to produce approximately $180,000 annually. Half of the money will go toward athletic and recreation programs and the other half will be used for objectives yet to be determined.
While the annual gifts may vary based on the value of the trust, $180,000 per year for 35 years would equal a total gift of $6.3 million.