Donor Makes $10M Gift to Men’s Basketball

A donor has made a $10 million philanthropic commitment in support of Maryland men's basketball, Damon Evans, the Barry P. Gossett Director of Athletics announced on Monday.

The donor, who wishes to remain anonymous, hopes to inspire others who share a vision for athletic excellence to follow their lead by further supporting Maryland Athletics and the Terrapin Club, its fundraising arm.

The funds will help support the men's basketball program and its greatest needs through a new endowment. Its proceeds will fund men's basketball operational needs in perpetuity.

"The philanthropic support from our donors plays a pivotal role in ensuring the continued success and growth of Maryland Athletics, providing our student-athletes with the resources and opportunities to excel both on and off the playing surface," said Evans. "Investments in our programs like basketball not only strengthen the future of Terrapin Athletics but also foster a lasting legacy of excellence and achievement for generations to come."

This gift is tied for third-largest in Maryland Athletics history; an $18 million gift from Steve Schanwald ’77 to the University of Maryland announced in December included $10 million for Maryland Athletics.