The University’s Board of Regents voted at its meeting Thursday to increase University President Mary Sue Coleman’s salary by 3 percent, or $17,574.

Before her raise, Coleman’s base salary was $585,783. But, immediately after the Regents unanimously agreed to the raise, Coleman said she would donate the entire increase to study abroad scholarships at the University to encourage students to have overseas experiences.

“I’m perfectly well compensated,” Coleman said.

Regent S. Martin Taylor (D–Gross Pointe Farms) said Coleman’s base salary is low compared to other similarly sized and comparable colleges and universities, and praised her in her annual performance review.

Last year, the regents gave Coleman a 2.75 percent raise, which she also donated to the University to help fund study abroad scholarships.

This is a developing story. Check back at michigandaily.com for more details.

Correction Appended: A previous version of this article misstated the amount of Coleman’s raise. It’s $17,574, not $17,573

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