"STANFORD, Calif. -- Stanford football has received a $50 million gift from former player Bradford Freeman, the school announced Wednesday, a boost to a program seeking a turnaround under general manager Andrew Luck. Among other things, the donation will cover five new football scholarships and help with name, image and likeness payments. "With Brad's incredible gift, we are positioned to win on the field and build a bridge to a sustainable future for Stanford football," Luck said in a statement."
"Freeman, a 1964 graduate, attended Stanford on a football scholarship and has remained involved with the university ever since. In 1983, Freeman and fellow alum Ron Spogli co-founded private equity investment firm Freeman Spogli & Co. In 1988, Freeman endowed the head football coaching position. Freeman was on the university's Board of Trustees for 10 years starting in 1995. In 2005, he and Spogli jointly committed $50 million to endow the Freeman Spogli Institute for International Studies."
Bradford Freeman gave $50 million to Stanford football to support a program turnaround and long-term sustainability. The donation will fund five new football scholarships and assist with name, image and likeness (NIL) payments. The gift is positioned to help the program win on the field and reinforce Stanford as a leading place for football scholar-athletes. The donation is expected to aid recruiting of top talent and strengthen the entire athletics department across all varsity sports. Freeman attended Stanford on a football scholarship, co-founded Freeman Spogli & Co., endowed the head coaching position, and earlier helped endow the Freeman Spogli Institute. The Cardinal finished 3-9 in each of the past four seasons and are 2-3 this season under interim coach Frank Reich.
Read at ABC7 San Francisco
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