Northwood University Receives Classic Car Donation Worth $2M+

Northwood University Receives Classic Car Donation Worth $2M+

A portion of The Morey Collection that was donated to Northwood University. // Courtesy of Northwood University
A part of The Morey Assortment that was donated to Northwood College. // Courtesy of Northwood University

Michael and Dianne Morey of Mount Pleasant have pledged 35 basic vehicles valued at a lot more than $2 million to Midland’s Northwood College in help of The Northwood Idea, a established of own values promoted by the university.

“We are exceptionally grateful to Michael and Dianne for this incredible gift, which will be applied to boost our Midland campus, create scholarship alternatives, and develop the university’s endowment for potential students,” claims Kent MacDonald, president of Northwood College.

MacDonald noted the Morey’s spouse and children story is a person of accomplishment from difficult operate — which is the epitome of what Northwood strives to instill in its learners, and what its alumni show each day in their respective fields.

The Morey’s story dates back to 1983, when they thought they could develop a woodchipper greater than any individual else. Mike remaining his position, invested in a smaller workshop, and with six staff members and a small functioning spending budget, designed the Design 100 Brush Bandit, a 12-inch capability disc-fashion chipper.

In 1987, based on the accomplishment of the Brush Bandit, Bandit Industries was created, and Dianne actively joined the company. Bandit created and released the world’s very first self-propelled track full tree chipper in 1990 and proceeds to guide this industry segment. Bandit operates a network of extra than 180 vendor destinations around the world.

In 2018, the Morey’s introduced they would sell 100 per cent of the enterprise to their 462 workers in an personnel stock possession prepare. This came soon after the company entertained two presents to promote from private companies. The firm now has 725 staff.

The Morey loved ones will transfer the auto titles to Northwood College prior to the near of this calendar calendar year. By June 30, 2023, Northwood University will liquidate The Morey Collection with Mecum Auctions in a no-reserve auction.

The preference is for The Morey Collection to be auctioned at Mecum’s Kissimmee Auction on Jan. 6.

“The cars have been a big part of our life, and each and every tells a tale,” the Moreys say in a assertion. “It’s time for these automobiles to compose a new chapter, and assist young adult males and girls who want to do the job tough, develop a thing of their personal, and positively affect the communities they get in touch with home. Northwood University is a particular position, stuffed with great students, and we are thrilled to aid their mission.”

Not all the vehicles will be auctioned off, as Northwood College will retain a 1958 Chevrolet Corvette to screen on campus.

“We are really pleased to showcase this basic Corvette on campus as a reminder of the Morey’s generosity and American innovation, while working with the car or truck during the 12 months to assistance our mission to build long term leaders of worldwide financial and social progress,” states Justin Marshall, chief improvement and engagement officer at Northwood.

Northwood College will benefit from up to $1,000,000 of the dollars proceeds to boost the campus practical experience and construct upon new campus improvements dedicated before this yr in May perhaps. The remaining proceeds will be applied to create a scholarship and endowment fund supporting Northwood University’s free of charge-company mission.

Details about the Jan. 6 auction can be located on-line below.