A major donation from T. Denny Sanford has led to new scholarship programs in a dozen universities across the country, including several in South Dakota.
Sanford donated $30 million to the Horatio Alger Association Endowment, the organization announced Monday morning.
Horatio Alger Association spokesperon McKenna Young said the donation is the largest the organization has ever received.
As a result of the gift, the organization has established the Horatio Alger-Denny Sanford Scholarship Program. It will provide $3 million per year in scholarships for the next 10 years for Horatio Algers scholars who attend any of 12 universities selected by Sanford.
Most of the universities in the program are based out of South Dakota. The University of South Dakota and South Dakota State University will both receive $250,000 in scholarships per year from the program. Augustana University, the University of Sioux Falls, Dakota State University, South Dakota School of Mines, and Black Hills State University will each receive $150,000 in scholarship funds per year.
The University of Minnesota, the University of California San Diego, National University in San Diego, Calif., Long Island University in Brookville, N.Y., and Arizona State University will also each receive $250,000 per year for the program.
The Horatio Alger Association of Distinguished Americans is a nonprofit educational organization that honors "the achievements of outstanding individuals," and helps them pursue higher education, according to the organization's website. Horatio Alger Scholars have "faced great adversity and have displayed unmatched resilience in overcoming them."