Catawba College in Salisbury has received an anonymous $200 million gift to its endowment fund. That puts the endowment for the private, liberal arts college at over $580 million.
The Charlotte Business Journal reports a third of the annual distributions from the gift will be used to support environmental education and sustainability. The remainder will be unrestricted.
It is the third major donation Catawba College has received in the past three years.
