Many people donate every year to universities across America. But what grabs attention here is that a man donates his $10 million car collection to the California State College.
Nicholas Begovich and his wife, Lee gifted $10 million at a private event, according to a press release.
In addition, The Orange County college announced that one of the largest donations in college history. This donation will beneficial for science faculty and student research at the state school.
The Begovichs’ offering consists of 15 classic cars. And the cars have combined value $10 million- the school said.
The 98-year-old Nicholas Begovich is a long-time lover of postwar European sports cars. Therefore, he has a huge collection of cars. His collection includes a 1952 Jaguar XK120, a 1956 Mercedes-Benz 300SL Gullwing, a 1969 Lamborghini Miura, a 1973 DeTomaso Pantera and a 1975 Ferrari Dino 208 GT4, along with the American-made 1962 Chevrolet Corvair Monza Spyder and 1970 Chevrolet Camaro SS.
“I can’t tell you how happy I am about this," Nicholas Begovich to the school and its faculty and students. It completes my life.”
Also, the gifts by Nicholas Begovich testamentary and will be sold by the college at a suitable time. Furthermore, $7 million of the total donation will go to support faculty and student gravitational-wave research in the College of Natural Sciences and Mathematics.
Also the rest $3 million will spent on student projects, interdisciplinary research, new courses and electives, student projects, early-career faculty members, and research in the College of Engineering and Computer Science.
In remembrance of the gift
University’s academic and research center will be named on their names. The "Nicholas and Lee Begovich Center for Gravitational-Wave Physics and Astronomy."
This isn’t the first time Nicholas Begovich and his wife donate to the school. In the last 50 years, the Begovich couple has donated to the university continuously. Primarily helping support the arts following a $1 million donation to Fullerton’s art department. The main art gallery the university renamed as Nicholas and Lee Begovich Gallery in the couple’s honor.