Northwood University receives gift of $2 million worth of classic cars | Education
MIDLAND, Mich. (WJRT) – Northwood College acquired a nontraditional reward from a Mount Enjoyable couple.
Business owners and avid car collectors Michael and Dianne Morey, who started out Bandit Industries virtually 40 yrs back, are providing the faculty 35 vehicles from their extensive assortment. The gift is valued at far more than $2 million.
“The cars and trucks have been a significant section of our lives, and each tells a tale,” the Moreys mentioned. “It’s time for these cars and trucks to compose a new chapter, and assist younger men and ladies who want to operate tricky, construct a thing of their individual, and positively affect the communities they connect with house.”
Northwood President Kent MacDonald said the college strategies to expend about $1 million on maximizing enhancements accomplished close to campus past May well and dedicate the remainder to a scholarship endowment fund.
Michael Morey experienced an plan for making a better wooden chipper than what was obtainable on the market in 1983. He still left his task, invested in a little workshop and designed the Product 100 Brush Bandit with a 12-inch capability.
The new disc-type chipper design took off, so the Moreys formed Bandit Industries in 1987 and Dianne joined the organization. The corporation launched the 1st self-propelled monitor total tree chipper in 1990.
Bandit Industries now operates a community of 180 dealer places throughout the environment.
The Moreys sold Bandit Industries to their 462 workforce in an staff stock possession program in 2018. The corporation has developed over the earlier four several years to include things like 725 employees now.
“The Moreys are stellar examples of how ingenuity, persistence and determination pave the way for success in a totally free-current market society,” claimed Justin Marshall, main growth and engagement officer for Northwood College.
Northwood won’t prepare to hold most of the motor vehicle selection for very long. The Moreys agreed to transfer titles to all 35 donated automobiles by the conclusion of this thirty day period and the college hopes to offer them at auction no later than June 30.
University leaders hope most of the common vehicles offer at Mecum’s Kissimmee Auction on Jan. 6. Click below for additional information about the Kissimmee auction.
Northwood plans to show the Moreys’ 1958 Chevrolet Corvette on campus for years to occur.
“We are pretty delighted to showcase this traditional Corvette on campus as a reminder of the Morey’s generosity and American innovation, though employing the car all through the 12 months to help our mission to produce upcoming leaders of world wide financial and social development,” Marshall stated.