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$5 million gift arrives in the mail

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Cal State Northridge got a gift recently that probably had officials dancing with glee. An anonymous donor sent the state university a cashier’s check for $5 million in the regular mail! The only request: that the funds be used for scholarships and student assistance.

University President Dr. Jolene Koester said, “… we pledge to be good stewards of these funds.” The multi-million dollar gift will create the Scottsdale Endowment and will target high-achieving incoming freshmen. The endowment got its name from the location of the bank that issued the check, Scottsdale, Arizona.

According to CSUN Vice President of University Advancement, Vance Peterson, demand for financial aid and scholarship support has jumped more than 160 percent in the past year. Peterson says scholarships and financial aid from the gift will have a huge impact. “This can literally mean the difference between attending or not attending college for some of our students.”

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