National University to Become Sanford National University

FILE - In this Feb. 27, 2018, file photo, businessman and philanthropist T. Denny Sanford speaks at P.S. 282 to celebrate over 200,000 students served by the Sanford Harmony program in the New York metro area in Brooklyn, N.Y. Sanford said Tuesday, June 5, 2018, he is donating $100 million to the National University System, a nonprofit that focuses on education and philanthropy initiatives. The donation by Sanford is the largest in the nonprofit's history and comes a year after Sanford gave $28 million to the network, which supports students looking for alternative ways to learn. (Amy Sussman/AP Images for Long Island University and National University System, File)

SIOUX FALLS, S.D. (AP) – South Dakota billionaire philanthropist T. Denny Sanford will have San Diego-based National University renamed in his honor.

Sanford and the university announced Tuesday the school will be renamed Sanford National University. A formal launch is planned next July.

Forbes reports Sanford has pledged $350 million to National University. The private, nonprofit school plans to dedicate the money to lowering the cost of college education for working adults, among other goals.

Started in 1971, National University offers both online and campus-based programs for adult learners, and has about 28,000 students.

Sanford previously donated $150 million to National University System to expand programs that include helping children learn skills in cooperation, communication and tolerance and helping teachers inspire students.

In 2015, National University’s school of education was renamed Sanford College of Education.

Categories: Business, Education, Local News, News, U.S. & World News