University of Michigan President Mary Sue Coleman on Thursday decided to forgo a $15,000 salary increase and donate it to fund global student travel.
Coleman announced the donation after the Board of Regents, at its regular meeting, approved a 2.75 percent salary increase to the president's base salary of $570,105 annually.
"She immediately announced that she was donating it to help students study abroad," spokesman Rick Fitzgerald said.
Last year, the regents awarded Coleman a 3 percent raise, pushing her total compensation past $800,000. She gets $75,000 deferred compensation and a $100,000 bonus annually.