Friday, May 21, 2010

John F. McDonnell: Airplane Scion Gives $60 Million to Washington University

Posted By on Fri, May 21, 2010 at 9:04 AM

John F. McDonnell
  • John F. McDonnell
Washington University will announce today that John F. McDonnell and the foundation of his late-father James S. McDonnell will donate $60 million to the school.

The money from McDonnell and the JSM Charitable Trust is the second-biggest gift the university has ever received. Most of the gift -- $48 million -- comes with no strings attached and can be used however the school sees fit.

John McDonnell joined his father's McDonnell Aircraft in 1962 and served as president and/or chairman of the company through the '80s and '90s after it became McDonnell Douglas. The company merged with Boeing in 1997.

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