College of Charleston Announces $60 Million Gift

The College of Charleston announced today that businessman Guy E. Beatty, Jr., will give $60 million dollars to the College of Charleston as part of an estate trust. This gift is the largest single donation to a South Carolina public institution of higher education.

Under the agreement, the College of Charleston will receive $2 million a year for 30 years from a trust Mr. Beatty set up in his estate. Beatty has requested that $1 million per year be used for scholarships and $1 million a year for buildings and infrastructure.

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[hanadave]

Yes, I must say thank you Mr. Guy E. Beatty. Jr. I once received a $1000 scholarship to attend college. The generosity of the man who aided me is something I will never forget and I have tried to emulate his action by giving to others. You have done a most precious thing and I thank you for it.