Couple donates $2 million worth of classic cars to Northwood University
A couple in Mount Pleasant is donating 35 classic cars - worth over $2 million dollars, to Northwood University.
The vehicles are from the collection of Michael and Dianne Morey, founders of Bandit Industries, a woodchipper company.
“The cars have been a large part of our lives, and each tells a story,” the Moreys said in a statement. “It’s time for these cars to write a new chapter, and support young men and women who want to work hard, build something of their own, and positively influence the communities they call home.”
The university said 34 of the cars will be auctioned off, with proceeds going to campus renovations and improvements, as well as a scholarship and endowment fund .
“We are incredibly grateful to Michael and Dianne for this extraordinary gift, which will be used to enhance our Midland campus, create scholarship opportunities, and build the university’s endowment for future students,” stated Northwood President Kent MacDonald.
One car will not be auctioned off—a 1958 Chevrolet Corvette will remain on display at the Northwood University campus.
“We are very pleased to showcase this classic Corvette on campus as a reminder of the Morey’s generosity and American innovation, while using the vehicle throughout the year to support our mission to develop future leaders of global economic and social progress,” stated Justin Marshall, chief development and engagement officer for Northwood University.