Dive Brief:

• Colin Powell is giving $5 million to City College of New York.
• The donation supports the Colin L. Powell School for Civic and Global Leadership, where he serves as chairman of the school's board of visitors.
• Powell has a simple rationale for giving to his alma mater: "Without the City College of New York, I wouldn't be in a position to give anything to anybody."

Dive Insight:

Powell had already given $2 million to his former college. He says he barely got into City College and barely made it out. In the end, he graduated with a degree in geology in a little over four years.