When a $100 Million Gift Almost Happens

An article in The Oregonian examines how Portland State University expected to announce a $100 million gift Tuesday and then was left hanging when the gift did not materialize. The university invited key politicians and informed the press (with an embargo for the press conference), even describing some details about the anonymous would-be donor. No information is available about why the gift didn't happen.

A statement from the university said: "Some individuals offer gifts to universities, institutions and charities, but they don't deliver a gift for personal or financial reasons that they wish to keep private. Ultimately, it's up to a donor to make a gift or not."