The corporate has donated $200,000 to bring University of Michigan philanthropic seed fund Accelerate Blue halfway toward its $2m initial target.
E-commerce and cloud computing services firm Amazon has donated $200,000 of capital to University of Michigan (U-M)’s philanthropic seed fund Accelerate Blue Fund, bringing its corpus to almost $1m.
The contribution marks Accelerate Blue’s first corporate gift and takes the vehicle halfway towards its initial $2m target. Fundraising efforts began in October 2019 and the fund has a long-term target of $20m.
The fund’s other donors include Wendell Brooks, an alumnus of U-M’s engineering department and president…
