College With Leading Auto Restoration Program Gets Incredible $1 Billion Donation

McPherson College, a Kansas-based institution with a leading automotive restoration program, has announced it has received a whopping $1 billion contribution from an anonymous donor.

The unnamed benefactor offered to donate $2 for every $1 pledged by others. Initially, the generous backer capped his contribution to $500 million. However, the school raised $342 million through other efforts, seemingly inspiring the anonymous individual to donate $1 billion to the college.

Add this to the existing endowment, and McPherson College has received nearly $1.6 billion - the largest for any small US-based college. So why is this important to the automotive world? As mentioned, McPherson College has a relatively sizeableautomotive restoration program, and according to the institution, the degree in restoration technology is the only one of its kind in the country. It's the only four-year program in the USA.

The $1 billion isn't the only generous donation the college has been given. If you think the students in the auto restoration program are fixing up old Chevys and Nissans, think again. Apart from a $50 million donation, Dr. Melanie Lundquist and Richard Lundquist donated a classic Ferrari to the college.

"It has also been one of our greatest pleasures to support McPherson's one-of-a-kind automotive restoration program. Richard was honored to donate his classic Ferrari to the program, and we are both thrilled that this unique program - and McPherson College - will be on solid footing for perpetuity as a result of this phenomenally generous matching gift," said Dr. Lundquist.

Currently, students in the automotive restoration faculty are hard at work rehabilitating a 1953 Mercedes-Benz cabriolet (a predecessor to theS-Classwe know today), and the vehicle will be displayed at the prestigious 2023 Pebble Beach Concours d'Elegance later this year.