Two major institutions in Boston reported receiving anonymous donations on Wednesday, totaling $160 million.
A former student pledged $140 million to The Massachusetts Institute of Technology Wednesday, reports the Associated Press. The unrestricted donation to the prominent Cambridge university will reportedly be used in any way that helps MIT further its education mission.
On the same day, Massachusetts Eye and Ear in Boston received a $20 million donation toward research on hearing and balance. The top ear, nose and throat hospital said the gift represents one of the largest philanthropic investments in research on hearing loss.
“Generosity at this level is a game-changer. It means breakthroughs will happen faster, and that translates to better hearing for millions of people sooner than later,” Wyc Grousbeck, the Mass. Eye and Ear Board Chair said in a statement.
There is no sign of the two anonymous gifts having any relation, but executives at both institutions say the money will go a long way in advancing big ideas.