Meharry Medical College touts another multimillion-dollar donation

Why it matters: Meharry, which has struggled to make ends meet for much of its 148-year history, is in the midst of a hot streak.

• Just a month ago, Meharry celebrated a historic $175 million gift from Bloomberg Philanthropies.

The big picture: Meharry president James Hildreth told U.S. senators last year that underfunding at the institution limits its progress. In a statement Monday, he said the new infusion of cash could help clear those financial hurdles.

What they're saying: "The effects of this gift will extend far beyond our campus, touching the lives of countless individuals and families worldwide," Hildreth said.

• "This donation will allow us to continue strengthening our educational programs and financially assisting more students who wish to attend Meharry with the goal of providing care to those who need it the most."

Between the lines: A college's financial woes can scare off donors. But higher education boosters say that, conversely, big donations like the ones Meharry has touted recently can have a halo effect, encouraging other philanthropists to follow suit.