EAST LANSING, MI — Mat Ishbia took his company, United Wholesale Mortgage, public just a few weeks ago and on Thursday the former walk-on basketball player at Michigan State announced he is giving back to his alma mater in East Lansing.
MSU announced Thursday the president and CEO of the wholesale mortgage lender is donating $32 million to the school’s athletic program. It’s considered to be the largest single cash commitment in MSU’s history from an individual.
“On behalf of the university, we are deeply grateful to Mat and his generosity and significant commitment to a place that clearly had a strong impact on his life,” said MSU President Samuel L. Stanley Jr. “This is the testimony of being a Spartan – of hard work and giving back to help all Spartans also have a transformational experience at our institution.”
Ishbia was a member of the 2000 national championship team at Michigan State and graduated from the Eli Broad College of Business.
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