The largest donation in University of Michigan history will fund an innovative new housing option for graduate students downtown.
"The University has had a very strong relationship with Charles Munger for the past several years," says
UM Housing Communications Director Peter Logan. "He provided funding for the Lawyers Club, and it was out of that contribution that the idea of a graduate residence began to formulate."
Munger's $110 million donation will help fund the 600-bed graduate residence in two ways. While $100 million will go toward the construction of the estimated $180 million facility, the remaining $10 million will fund a unique fellowship program for graduate students who will play a role in the residence.
Munger also funded a graduate housing project at Stanford University. This project, says Logan, will build upon his original idea for that development.
"He talked about carrying that vision forward into something that would have more collaborative living arrangements," he says, "something that would go even further than the Stanford residence."
While details and plans are still underway, the development is intended to be constructed on S. Division and include innovative community spaces to foster collaboration among graduate students.
Source: Peter Logan, University of Michigan
Writer: Natalie Burg
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