The founder of Lincoln Capital Management and his wife have donated $20 million to DePauw University to provide financial aid to students, part of $31 million in donations announced by the school in central Indiana.
Colleges are experimenting with business models at a time when the ability of students and their families to pay are dropping dramatically, and endowments and scholarship funds remain depressed.
A Colorado couple who both graduated from DePauw University have donated $25 million to the private liberal arts college to build a new dining hall and to endow need-based scholarships.
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