Northwood College receives donation of traditional automobiles value greater than $2M

MIDLAND, MI—A donation value an estimated $2 Million was made to Northwood College, however not in a standard money method.

Based on a launch put out by the college, a Mount Nice couple has begun the method to donate greater than $2 million value of traditional cars to help Northwood College and The Northwood Thought.

The discharge stated Michael and Dianne Morey have pledged 35 autos from their automotive assortment in Mt. Nice, Michigan.

Northwood President Kent MacDonald stated within the launch that the Morey household story is one in every of success from laborious work, one thing the varsity hopes to instill in its college students and what it hopes its alumni can exhibit of their respective fields.

He stated the present shall be used to assist make new scholarships for potential college students and assist develop the Midland campus.

“We’re extremely grateful to Michael and Dianne for this extraordinary present,” stated MacDonald. “(The present) shall be used to reinforce our Midland campus, create scholarship alternatives, and construct the college’s endowment for future college students.”

The discharge stated the story of the Morey’s dedication started in 1983 once they believed they might construct a greater woodchipper than rivals available on the market on the time.

Michael Morey left his job on the time and invested in a small 6-employee workshop, which constructed the 12-inch capability disc-style Mannequin 100 Brush Bandit chipper.

The discharge went on to share that after the success seen by the chipper, Dianne Morey joined her husband and helped construct Bandit Industries. Bandit Industries would go on to design and launch the world’s first self-propelled observe complete tree chipper in 1990. To this point, Bandit operates a community of greater than 180 supplier areas worldwide.

In 2018, the Morey’s introduced that, as a part of an worker inventory possession plan, they’d plan on promoting 100% of the corporate to their then-462 staff quite than accepting provides from personal corporations seeking to purchase it. Now, the corporate is alleged to have 725 staff.

Plans are being organized by the Morey household to switch the car titles to Northwood College earlier than the top of 2022 to permit the varsity to liquidate the gathering by June 30, 2023. Gross sales of the autos shall be made by means of Mecum Auctions in a no-reserve model public sale, with a desire for many of the assortment to be bought at Mecum’s Jan. 6 public sale in Kissimmee, FL.

In a ready assertion shared by the college, the Moreys stated that the autos every have a narrative and have been an necessary a part of their lives, however add the sale will go on to assist others within the Northwood neighborhood.

“It’s time for these automobiles to write down a brand new chapter,” stated the Moreys. “(The sale of the automobiles will) help younger women and men who need to work laborious, construct one thing of their very own, and positively affect the communities they name dwelling.”

Within the launch, Justin Marshall, chief growth and engagement officer for Northwood College, shared that one of many autos, a 1958 Chevrolet Corvette, will stay unsold to show on campus in honor of the Moreys.

“We’re more than happy to showcase this traditional Corvette on campus as a reminder of the Morey’s generosity and American innovation whereas utilizing the car all year long to help our mission to develop future leaders of world financial and social progress.” Stated Marshall.

As much as $1,000,000 of money proceeds from the car gross sales shall be used to reinforce the Northwood campus and construct on current campus enhancements devoted earlier this 12 months.

The remaining proceeds have been declared for a scholarship and endowment fund supporting Northwood’s free-enterprise mission.

For extra data on the Jan. 6 public sale, go to the Michael & Dianne Morey Assortment web page on the Mecum public sale website.

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