Anonymous donor gives $1 million to UND accounting department
GRAND FORKS — An anonymous donor has pledged $1 million to the University of North Dakota’s accounting department to support students and faculty.
About 20 percent of the gift will fund an endowment for graduate student stipends. The additional $800,000 will help elevate the Kulas Koppenhaver Endowed Professorship fund from a professorship level to an endowed chair level, said Milo Smith, senior director of public relations at the UND Alumni Association and Foundation.
With this gift, the endowment has grown to $2.5 million, with much of that total given by the same donor.
DeAnna Carlson Zink, CEO of the UND Alumni Association and Foundation, said the “substantial gift” shows that the time the donor spent at UND had a great influence on their life and that they want others to benefit from the same education they received.
"We cannot begin to express how thankful we are to have donors who care so much about our students at the University of North Dakota that they would make such a generous gift," she said in a statement.
Endowed chair funds help supplement faculty members’ salaries, and there are multiple funds across the campus, Smith said.