A Canisius College alumnus has given a $1 million gift to the college for student scholarships.
The gift from Daniel W. Stanton, a 1979 Canisius graduate, is one of the larger endowed scholarship programs at the college, Canisius officials announced Wednesday.
The money will be used to establish the Daniel W. Stanton Scholarship Program, which will provide some financial assistance for needy students who maintain an exceptional academic record.
"Canisius College gave me a very solid foundation for life," Stanton said. "I'm happy to be in a position to help make the same opportunities available to other students."
"We are very grateful for his generous gift that will help make a Canisius education more affordable for future generations of students interested in becoming leaders in their professions and communities," the Rev. Vincent M. Cooke, Canisius president, said in a prepared statement.
Stanton received a bachelor's degree in finance from Canisius and then a master's in business administration in finance from Columbia University Graduate Business School in 1981.
He joined the global investment group Goldman Sachs in 1981 and was made partner in 1994, serving in various roles, including leading the team in charge of the firm's largest institutional clients.
Stanton, a former member of the Canisius board of trustees, retired from Goldman Sachs and in 2003 founded Samson Capital Advisors, a fixed-income investment manager for affluent families, foundations, endowments and corporations.
He and his wife, Mary, have three children and live in Palm Beach, Fla.