Big new for the home campus - the LAT touts it as the largest donation to a American liberal arts college. Except the money is for a graduate program.
It's an undergraduate college, but nevermind that. President Pam Gann must be thrilled. The school looks great and I'm guessing that investment makes us more attractive to other would-be donors - and frees up money so she can continue to expand the student body and remold CMC into the research university over which she seemingly wishes to preside.
A graduate program.
I don't share the CMC lit department's fear that the donation for a finance masters program will force the school into a single issue trade school, but I think expanding past provided superb undergraduate education is foolish. I'm surprised, frankly, that the charter allows it.
p.s. It's been pointed out to me that I sound like too much of a hater in this post. I'm not. I am grateful to Mr. Day for his great generosity. And I think CMC will do well by the gift. It just surprised the hell out of me. CMC is full of stats on other liberal arts colleges with masters programs. So I guess all's well . . . . Like I said in the comments - Colleen's take (see comments) is the best on the subject at pointing out the potential advantages.