DistantNews
Support us
🇮🇳 India /Culture & Society

San Francisco State receives $25 million XRP gift, among largest crypto donations to U.S. higher education

From Times of India · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Sources not specified Outcome reported
  • San Francisco State University received a $25 million donation in April 2019, largely in XRP, described as one of the largest cryptocurrency gifts to U.S. higher education.
  • The donation supported new resources for the College of Business, which the university renamed the Lam Family College of Business.
  • The donors had already given the university more than $800,000.

San Francisco State University received a $25 million donation in April 2019, with most of the gift made in XRP cryptocurrency. The contribution ranked among the largest crypto donations to U.S. higher education.

The university used the gift to establish new resources for its College of Business. It also renamed the school the Lam Family College of Business.

The donors had previously supported San Francisco State with more than $800,000 in contributions.

About this summary

Originally published by Times of India in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

More Stories

From Our Blog