The wealthy family who helped bankroll the University of Michigan football team's recent overseas trip has received more than $100 million in investments from the university, according to a review of hundreds of U-M records.
U-M's endowment has invested a total of $102 million in four private equity funds run by the son of U-M alumnus and mega-donor Donald Graham. Graham and his family foundation have donated more than $60 million to Michigan, including paying for half of the estimated $800,000 cost of the Wolverines' trip to France last spring, organized by coach Jim Harbaugh.
It is the kind of financial back-and-forth that has troubled critics worried about how large donations to U-M and other elite universities could influence investment decisions worth billions of dollars.
Rest of story here. . .
https://www.msn.com/en-us/sports/nc...ors-family-millions-of-investments/ar-BBLsKHM
U-M's endowment has invested a total of $102 million in four private equity funds run by the son of U-M alumnus and mega-donor Donald Graham. Graham and his family foundation have donated more than $60 million to Michigan, including paying for half of the estimated $800,000 cost of the Wolverines' trip to France last spring, organized by coach Jim Harbaugh.
It is the kind of financial back-and-forth that has troubled critics worried about how large donations to U-M and other elite universities could influence investment decisions worth billions of dollars.
Rest of story here. . .
https://www.msn.com/en-us/sports/nc...ors-family-millions-of-investments/ar-BBLsKHM
