Home Business OBU receives $1M donation

OBU receives $1M donation

OBU donation

Ouachita Baptist University in Arkadelphia was the recipient of a generous gift last month, but the benefactor chose not to be recognized. For the second time in as many years, OBU was given an unrestricted $1 million donation from an anonymous donor.

The unrestricted designation means the university is free to spend the money in whatever direction it chooses, a rarity in regards to higher education.

Colleges and universities in the United States received just 15 unrestricted donations of $1 million or more last year, according to The Chronicle of Philanthropy, a magazine that covers nonprofit news around the world.

– Zach Parker, Ghidotti Communications

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