Concordia University is going to have to make do with one less donation to its scholarships and bursaries fund.

A couple of retired professors who've been making yearly donations for the past 38 years say they've had enough of the university's squandering on administrator salaries and perks.

Jack Kornblatt and his wife Judith say the decision to stop donating was a long time in the making but say the straw that broke the camel's back was recent reports of a university paid luxury vehicle for the VP of External Relations.

A million dollar life insurance policy naming Concordia as beneficiary is unaffected by the couple's decision.

Concordia has yet to contact its former staff.