Paine College Receives $1M Gift from Local Businessman

Donor Peter Knox said he did not want the announcement to be about him but about his belief there should be “more, not fewer, centers for learning and growth.”

Paine College president Jerry L. Hardee has a million reasons to be grateful to Peter Knox IV.

From left, Augusta Mayor Hardie Davis, Paine College President Hardee and donor Peter Knox.
From left, Augusta Mayor Hardie Davis, Paine College President Hardee and donor Peter Knox.

Hardee announced Wednesday afternoon that the Augusta businessman donated $1 million to the financially troubled school to help build back up its endowment. Knox “has taken a leap of faith in Paine College,” Hardee said. “I have to work hard to justify Peter Knox’s faith in me as president.”

The money will go toward the endowment but Knox said it was “a gift. No strings attached.”  >> Read More

Paine College is a UNCF-member institution.

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