Donor Makes $10M Gift to Men’s Basketball
New Endowment to Support Program’s Needs in Perpetuity
The $10 million commitment to Maryland Men's Basketball, shown during the team's Jan. 10 victory over UCLA, will support the priorities of the program and its greatest needs through a newly established endowment.
Photo by Hyun Jo Choi/Maryland Athletics
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.
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