TeamMates just received the largest single donation to its mentoring program in its 22-year history.
Nebraska native Glenn Korff, who died last month, left $1.5 million to the group founded by former Nebraska football coach Tom Osborne and his wife, Nancy.
The money goes to the TeamMates Foundation, established in 2009.
“We are humbled and honored that Glenn would choose us to honor his memory in this way,” TeamMates Executive Director Suzanne Hince said Thursday.
Hince, who is Osborne's daughter, said the money will help the group reach its goal of 10,000 mentors by 2015.
It takes from $1 million to $1.5 million to operate the nonprofit program each year, including costs associated with recruiting, training and screening mentors; performing reference checks; and paying office support and staff salaries. Interest income from the foundation goes toward those expenses.
TeamMates also offers college scholarships to program participants. About 6,500 kids in Nebraska and Iowa have mentors through 112 TeamMates chapters.
Korff, a Hebron native, donated $8 million to the University of Nebraska-Lincoln School of Music about a week before he died at age 70.
He was a 1965 graduate of UNL and a longtime supporter of TeamMates, especially the Thayer County chapter.
He also donated to the UNL College of Business Administration and to the renovation of Centennial Mall in Lincoln.
He worked in finance and investments, retiring from Goldman Sachs.
Though he lived in Boulder, Colo., he came back frequently to attend TeamMates events, Hince said.
“Glenn's generosity will make a difference in the lives of youths for generations to come,” Tom Osborne said in a press release.