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Largest Private Gifts to Higher Education, FY 2018

Almanac 2018
August 19, 2018

Thirty-two private gifts valued at $50 million or more were announced by colleges and universities from July 1, 2017, to June 30, 2018. The latest gifts were devoted to strengthening medical care and research, engineering, business, economics, recruitment of professors, and student scholarships and fellowships, among other causes. The University of Cambridge received the largest gift ever made to British science.


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Thirty-two private gifts valued at $50 million or more were announced by colleges and universities from July 1, 2017, to June 30, 2018. The latest gifts were devoted to strengthening medical care and research, engineering, business, economics, recruitment of professors, and student scholarships and fellowships, among other causes. The University of Cambridge received the largest gift ever made to British science.


Return to the Almanac home page, or go to the Profession, Students, Finance, or States section. To purchase a copy of the Almanac in print or as a downloadable interactive PDF, visit the Chronicle Store. Help guide us to give you the data you need by taking our 10-minute online Almanac survey.


RankInstitutionDonorSource of wealthGift valuePurpose
1. Columbia U., Herbert and Florence Irving Medical Center, and NewYork-Presbyterian/Columbia U. Irving Medical Center Florence Irving and her late husband, Herbert Irving Herbert Irving, who died in 2016 at age 98, co-founded and was former vice chairman of the food distributor Sysco Corporation. $600 million (bequest) support for recruitment of scientists and clinicians, improvements in patient care, and expansion of the Herbert Irving Comprehensive Cancer Center
2. Columbia U. College of Physicians and Surgeons P. Roy and Diana T. Vagelos Roy Vagelos, a 1954 alumnus of the college, is a retired chairman and chief executive of the Merck & Company pharmaceutical corporation, and a co-founder of the biopharmaceutical company Theravance. $250 million $150 million to create an endowment for financial aid to qualified medical students; $100 million to support precision-medicine programs, scientific research, and a new professorship in the college, which was renamed the Vagelos College of Physicians and Surgeons
3. U. of Maryland at College Park A. James & Alice B. Clark Foundation (Alice B. Clark) Alice B. Clark’s late husband, who died in 2015, was chairman of Clark Enterprises, a holding company, and Clark Construction Group. $219.5 million support for need-based scholarships, graduate fellowships, professorships, a new engineering building, and programs in the A. James Clark School of Engineering
4. U. of California at Irvine Henry and Susan Samueli Henry Samueli is a co-founder of Broadcom, which manufactures semiconductors. The couple are owners of the Anaheim Ducks hockey team. $200 million creation of and support for the Susan and Henry Samueli College of Health Sciences, which will focus on interdisciplinary integrative health
5. U. of Illinois at Urbana-Champaign Larry and Beth Gies Larry Gies is president, founder, and chief executive of Madison Industries, a holding company in Chicago. He graduated from the university in 1988 and she in 1989. $150 million support for programming and scholarships in the business school, which was renamed the Gies College of Business
6. U. of Chicago Kenneth C. Griffin Charitable Fund (Kenneth Griffin) Griffin is founder and chief executive of the hedge fund Citadel, in Chicago. $125 million support for financial aid, research, and the recruitment of more professors in the economics department, which was renamed the Kenneth C. Griffin Department of Economics
7. U. of Hawaii-Manoa Jay H. Shidler founder and managing partner of the Shidler Group, a commercial real-estate company based in Honolulu, and a 1968 university alumnus $117 million (cash and land) support for improvement and expansion of the Shidler College of Business, with the returns on the donated property in several major U.S. cities potentially making the college tuition-free within 40 years
8. Boston U. Rajen Kilachand chairman of the Dodsal Group, a multinational development company in Dubai, and a member of the university’s Board of Trustees $115 million construction funds and endowment for the new Rajen Kilachand Center for Integrated Life Sciences & Engineering
9. U. of Cambridge Ray and Dagmar Dolby Family Fund (Ray and Dagmar Dolby) Ray Dolby, who died in 2013 at the age of 80, founded the audio-equipment developer Dolby Laboratories. He earned his doctorate from Cambridge’s Cavendish Laboratory in 1961. $114.1 million support for research and a professorship at Cavendish Laboratory; the flagship building of the physics-research laboratory, which is being redeveloped, will be named the Ray Dolby Centre
10. U. of Michigan at Ann Arbor Richard and Susan Rogel Richard Rogel, a 1970 Michigan graduate, is president of the investment firm Tomay, and founder and former chairman and chief executive of the Preferred Provider Organization of Michigan. $110 million (pledge) support for scholarships for medical students and for research, treatments, and endowed professorships at the Comprehensive Cancer Center, which was renamed the Rogel Cancer Center
11. Amherst College anonymous a graduate of the college $100 million challenge gift to match other gifts to the college’s capital campaign, which aims to raise funds for student aid, faculty support, a new interdisciplinary science center, and other causes
11. Brown U. Robert J. and Nancy D. Carney Robert Carney, a 1961 graduate of Brown and a member of its Board of Trustees, is chairman of Vacation Publications, in Houston, and was founder of Texas Air Corporation, which owned Continental and other airlines. Nancy Carney is a former television-news producer. $100 million support to help the Brown Institute for Brain Science work toward developing new treatments and cures for neurological conditions including Alzheimer’s disease and amyotrophic lateral sclerosis; the institute was renamed the Robert J. and Nancy D. Carney Institute for Brain Science
11. National U. system T. Denny Sanford chairman of United National Corporation, the holding company of First Premier Bank and Premier Bankcard, in South Dakota $100 million expansion of the system’s nationwide Sanford Harmony social-emotional learning program aimed at helping children in preschool through sixth grade to form strong relationships and to avoid abuse, bullying behavior, and, later, divorce
11. United World College system Shelby Davis founder and former chief executive, now retired, of the investment-management firm Davis Advisors, in Boston $100 million (pledge) support to endow 100 annual scholarships a year for 20 years to enable international students to attend one of the system’s 17 campuses around the world, including in New Mexico
11. U. of Notre Dame Kenneth and Pamela Ricci Kenneth Ricci, a 1978 Notre Dame graduate, is a principal of Directional Aviation Capital, a Cleveland holding company that manages private aviation corporations. $100 million (pledge) unrestricted use
16. West Texas A&M U. Paul Engler and the Paul F. and Virginia J. Engler Foundation Paul Engler is a cattle rancher in Amarillo, Tex., and a co-founder and chairman of Cactus Feeders. Virginia Engler died in 1996. $80 million (pledge) pledge of at least $1 million a year over the next 80 years, to be split evenly between two university colleges, which have been renamed the Paul Engler College of Agriculture and Natural Sciences and the Paul and Virginia Engler College of Business
17. Johns Hopkins U. William Miller III founder of the investment firm Miller Value Partners, former manager of Legg Mason Capital Management Value Trust fund, and a former graduate student in philosophy at Johns Hopkins $75 million creation of an endowed professorship for the chair of the philosophy department, eight other endowed professorships, and endowed support for junior faculty members, philosophy graduate students, and postdoctoral fellows, as well as support for undergraduate study of philosophy
17. Kenyon College anonymous n/a $75 million support for construction of a new library and academic quadrangle
17. U. of Chicago Richard and Amy Wallman Richard Wallman is a former chief financial officer and senior vice president at Honeywell International. Amy Wallman retired as an audit partner at Ernst & Young in 2001. The couple earned M.B.A.s at Chicago in the 1970s. $75 million scholarships for M.B.A. students and other support for the university’s Booth School of Business
20. Wake Forest U. Porter B. Byrum Charlotte, N.C., lawyer and businessman, and a 1942 Wake Forest law-school graduate who died in March at the age of 96 $70 million (bequest) endowment for scholarships
21. Hofstra U./Northwell Health Donald and Barbara Hrbek Zucker Zucker founded the Donald Zucker Company, a New York real-estate development firm. $61 million scholarships for medical, nursing, and physician-assistant students, and a program for postdoctoral fellows at the renamed Donald and Barbara Zucker School of Medicine at Hofstra/Northwell
22. California Institute of Technology Allen V.C. Davis founder of companies that made sensors and switches used by airlines, the military, and NASA who died in 2015 at the age of 91 $60 million (bequest) support for professorships and leadership chairs
23. Brown U., Warren Alpert Medical School Samuel M. and Ann S. Mencoff Samuel Mencoff is co-founder and co-chief executive of the private-equity firm Madison Dearborn Partners, in Chicago. A 1978 Brown alumnus, he also serves as chancellor of the Corporation of Brown University. $50 million support for endowed professorships, medical research, and medical education at the Brown Institute of Translational Science
23. Iowa State U. Jerry and Debbie Ivy Jerry Ivy is president and chief executive of Auto-Chlor System, a California company that provides cleaning machines and other products to industries, and a 1953 Iowa State alumnus. Debbie Ivy is an Auto-Chlor executive. $50 million (pledge) endowment for the College of Business to support scholarships, faculty, and programs in entrepreneurship, supply-chain management, business analytics, and other areas; the college was renamed the Debbie and Jerry Ivy College of Business
23. Nova Southeastern U. Patel Family Foundation (Kiran and Pallavi Patel) Kiran Patel, a cardiologist, is chairman of America’s 1st Choice Holdings of Florida, an umbrella corporation for insurance companies; founder of WellCare Health Plans, an HMO he sold in 2002; and a real-estate investor. His wife, Pallavi Patel, is a pediatrician. $50 million development of a new Tampa Bay Regional Campus in Clearwater, Fla., which will house the renamed Dr. Kiran C. Patel College of Osteopathic Medicine and some programs of the renamed Dr. Pallavi Patel College of Health Care Sciences; the couple also provided 27 acres of land and property valued at $150 million, which the university will rent from them
23. Oglethorpe U. Q. William Hammack Jr. retired president and chief executive of C.W. Matthews Contracting Co., in Georgia, and a 1973 Oglethorpe alumnus $50 million creation of the Q. William Hammack, Jr. School of Business
23. Oregon State U. Gary R. Carlson physician and partner in Dermatology Associates of Westlake Village, in California, and a 1974 Oregon State alumnus $50 million support for the College of Veterinary Medicine, which has been named for the donor, and for the expansion of the university’s Small Animal Hospital
23. Rochester Institute of Technology Austin McChord A 2009 RIT alumnus, McChord founded his cybersecurity start-up company, Datto, in 2007. Vista Equity Partners acquired the company for $1.5 billion in December and merged it with Autotask. McChord is chief executive of the merged company. $50 million $30 million to support creativity and entrepreneurship programs at the university, including construction of a new Maker Library & Innovative Learning Complex of the Future; $20 million to attract and retain cybersecurity and artificial-intelligence faculty and graduate students and expand the university’s facilities in those areas
23. U. of Kansas David Booth co-founder of Dimensional Fund Advisors, an international finance firm $50 million (pledge) improvements to the university’s Memorial Stadium, construction of an indoor football-practice facility, and other support for athletics
23. U. of Michigan at Ann Arbor Stephen Ross founder and chairman of the Related Companies, a New York real-estate development firm, and owner of the Miami Dolphins football team $50 million endowment for the Ross School of Business to support career-development programs, action-based learning experiences, and resources for attracting and developing faculty members
23. U. of North Carolina at Chapel Hill John L. Townsend III and his wife, Marree Townsend John Townsend is a retired senior adviser at the New York investment company Tiger Management Corporation. His wife owns Marree Townsend Interiors, in Connecticut. $50 million (pledge) $25 million in artworks to the university’s Ackland Art Museum; $10 million for the College of Arts & Sciences and its Institute for the Arts and Humanities; $10 million for the Kenan-Flagler Business School; $1 million for athletics; and the remainder for other programs
23. U. of Oregon anonymous n/a $50 million (pledge) strategic investments in the university, as chosen by President Michael Schill; they have so far included new endowed faculty positions and a media center for science and technology

Note: The largest gifts to higher education that were announced by colleges and universities from July 1, 2017, to June 30, 2018, are listed here. Gifts and biographical information were compiled from news articles, news releases, and The Chronicle of Philanthropy’s database of charitable gifts. The database, which compiles privates gifts of $1 million or more from 2005 to the present, is available here. The Chronicle of Higher Education also compiles a list of gifts of $50 million or more that dates back to 1967. The value of gifts is based on information from institutions or donors at the time the gifts were promised or received. Grants are excluded. In cases of stock, property, art, and other noncash donations, actual value may have increased or decreased since the gifts were pledged or received. Gifts of the same amount are listed alphabetically by institution. Information on gifts can be sent to gifts@philanthropy.com. Questions or comments on the Almanac should be sent to the Almanac editor.

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A version of this article appeared in the August 24, 2018, issue.
Read other items in this Finance: Almanac 2018 package.
We welcome your thoughts and questions about this article. Please email the editors or submit a letter for publication.
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