SHREVEPORT, LA (AP) — Centenary College says it raised more than $10 million in private gifts in the budget year ended June 30, including $7 million from the estate of late Shreveport real estate agent Newton B. Stoer.
The Methodist-affiliated college in Shreveport says it was its best fundraising year since 2009.
The Newton B. Stoer Foundation was created by Stoer, who died in 1978. Centenary says the foundation gave equally large gifts to Shreveport's First Presbyterian Church and the Roman Catholic Cathedral of St. John Berchmans.
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Centenary says it will put its share of the Stoer money into its endowment and use it to support students. The college also raised $3 million in its annual giving campaign.
