Summer Science Program spent $2 million last year serving 204 students. Then, they got a $200M gift.
It's the kind of problem nonprofit leaders dream about: What do you do when you get an unexpectedly large donation? It has also puzzled over what do to with a surprise bequest of an estimated $200 million — about 100 times its annual budget. Summer Science Program learned last year that one of its alumni, Franklin Antonio, a co-founder of chipmaker Qualcomm, had granted the organization 20% of his estate, said CEO Frank Steslow.