A real estate mogul contributed to University of Michigan Regent Andrea Newman's campaign. This is what happened next. : A real estate mogul contributed to University of Michigan Regent Andrea Newman's campaign. This is what happened next. Wealthy alumni who have sway over the University of Michigan's $11-billion endowment have given thousands in campaign donations to members of the university's governing board. A review of state records shows that two members of the university's elected Board of Regents accepted in total nearly $30,000 in campaign contributions from donors associated with funds receiving U-M investments.