Cal Poly Pomona has announced a multimillion-dollar bequest from a donor who asked not to be named.
Currently valued at $12 million, the bequest will establish endowments to expand the university's research capabilities for faculty, staff and students, as well as provide scholarships for promising students.
“We are deeply grateful to this individual, who is clearly a passionate believer in Cal Poly Pomona and its contributions to the state's workforce and economy,” said university President Michael Ortiz. “Now more than ever, we need support from those who believe in higher education. This bequest will assist generations of future students as well as advance important research.”
The donor's generosity will help bolster numerous academic programs at Cal Poly Pomona, ranging from the sciences to the arts. With new research capabilities, faculty will guide students through more hands-on learning opportunities while tackling the latest issues in their fields.
A bequest is the easiest and most popular deferred gift plan used by alumni and friends. Donors may name the Cal Poly Pomona Foundation in their will or trust as a percentage beneficiary, as the recipient of a specific dollar amount or specific assets, or as a residual or contingent recipient. Assets can be designated to support the university for purposes the donor documents.