How many full four-year scholarships could be paid for with almost $100 million dollars. Is this really money well spent?

FOX News reports:

University of Michigan’s $85M plan aims to promote diversity

The University of Michigan unveiled an $85 million, five-year plan to promote diversity and inclusion Thursday, just days after racist flyers posted at the mostly white Ann Arbor campus caused unease among some black students.

The flyers posted in at least one campus building last week argued that white women shouldn’t date black men. Some black students have complained about the low percentage of African-Americans enrolled, and say they feel unwelcome on campus.

“The value of creating a robust, diverse, equitable and inclusive campus community — one where people of different abilities, races and ethnicities, political and religious views, sexual orientations and gender identities feel welcome and accepted — is immeasurable,” Vice Provost Rob Sellers said in a release.

University President Mark Schlissel is recommending Sellers as the school’s first chief diversity officer. His appointment goes before the school’s Board of Regents on Oct. 20.

“Our community can be complete only when all members feel welcome,” Schlissel said.

The university has committed $85 million over the next five years to implement the initiatives, including a program to help incoming freshman assess and develop skills to navigate cultural and other differences.