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CASH COW: Stanford Gets $151M Donation – From One Person

Stanford alumnus and benefactor John Arrillaga has donated $151 million to the university, campus official announced Monday.

“The gift, Stanford’s largest single gift ever from a living individual, will be used over time to support a variety of university projects,” a campus write up on the donation states. “It is only the latest in a long line of extraordinary contributions to Stanford. The Arrillaga family name graces many buildings across the campus, and Arrillaga has played a key role in the development of many other campus projects. In addition, the Arrillaga family’s endowed scholarships support nearly 50 Stanford students each year.”

His daughter wrote that:

Now among Silicon Valley’s most active real estate developers, my father grew up in Inglewood, Calif., as one of five children. He could only attend Stanford because a generous individual believed in supporting the potential of an unknown young person. His tuition athlete-scholarship did not cover living expenses, so while meeting his basketball and academic requirements, he held six jobs, from washing dishes to delivering mail and working as a gardener. Meanwhile, he achieved stellar grades in his major and became an All-American basketball player.

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