Stephen Ross and the Ross School of Business
Related Companies head honcho Stephen Ross will give his alma mater the University of Michigan $200 million, the single largest gift in the institution’s history. The billionaire developer’s money will be split between athletic programs and the university’s Ross School of Business, which is named after him. The sum places him among the largest benefactors to their alma maters, a list that includes Mayor Michael Bloomberg, who this year pledged $350 million to Johns Hopkins University.
In total, Ross has given the school $313 million, representatives from the institution told the Wall Street Journal.
“I believe you give till it feels good,” Ross told the newspaper. The new gift would boost the school’s endowment and allow it to finish construction of the business school, he added.
“He’s finishing the vision and it’s a big vision,” university president Mary Sue Coleman told the Journal. [WSJ] – Hiten Samtani