Stephen Ross to give $200M to U. of Michigan - New York News

Stephen Ross to give $200M to U. of Michigan

Posted: Updated:
New York real estate magnate and Miami Dolphins owner Stephen Ross. New York real estate magnate and Miami Dolphins owner Stephen Ross.
ANN ARBOR, Mich. (AP) -

New York real estate magnate and Miami Dolphins owner Stephen Ross is donating $200 million to the University of Michigan for its business school and athletics programs, the largest single donation to the school and among the largest single gifts in higher education history, officials announced Wednesday.

The money will be split between the Stephen M. Ross School of Business and University of Michigan Athletics, and raises Ross' total giving to his alma mater to more than $313 million, the school said in a statement. The Athletic Campus is expected to be named the Stephen M. Ross Athletic Campus.

"You give until you feel good," said Ross during a news conference Wednesday. "I don't think there's anything more rewarding than giving."

"Stephen Ross' vision has always been about the ability of facilities to transform the human experience," school President Mary Sue Coleman said in the statement. "He understands the power of well-conceived spaces, and his generosity will benefit generations of Michigan students, faculty and coaches.

"This historic gift is not only an investment in the University of Michigan, but also in our state. Steve Ross believes deeply in our collective future as national and global leaders."

Earlier this year, New York Mayor Michael Bloomberg donated $350 million to Johns Hopkins University, and in July the A. Eugene Brockman Charitable Trust gave a $250 million donation to Centre College in Kentucky.

In Michigan, specific projects will be announced in the coming months, the school said. In addition, scholarships will be available to Ross students.

The Ross School of Business proposes to create new spaces for students to study, collaborate and connect with each other, faculty and potential employers. Classrooms will include advanced technology to support in-person and virtual collaboration.

With the additional funding, University of Michigan Athletics plans to improve its campus to help athletes succeed on the playing field and in the classroom, improve its facilities and build sites to be a destination for local, state, national and international competitions.

Ross earned his Bachelor of Business Administration degree in accounting from the University of Michigan Business School in 1962, a law degree from Wayne State University in Detroit and a master of law degree in taxation from New York University.

"The University of Michigan had a profound impact on my life and I have received enormous satisfaction from being able to give back to the institution that played such a critical role in my success," Ross said.

------

Online: http://www.umich.edu

  • Local NewsLocal NewsMore>>

  • Record stores survive and thrive in Brooklyn

    Record stores survive and thrive in Brooklyn

    Friday, April 18 2014 10:59 PM EDT2014-04-19 02:59:51 GMT
    When you hear about a place that still sells records, located in a hip neighborhood in the borough of Brooklyn, you enter that store with certain expectations. One of them being: you hope the guy behind the counter talks about music the way Cory Fierman does."I think it's just like the most important thing to you," he says. "I don't know how to describe it. It's the most important thing to me. It's like another language."Cory manages Greenpoint's Academy Records Annex, where they want you ...
    When you hear about a place that still sells records, located in a hip neighborhood in the borough of Brooklyn, you enter that store with certain expectations. One of them being: you hope the guy behind the counter talks about music the way Cory Fierman does."I think it's just like the most important thing to you," he says. "I don't know how to describe it. It's the most important thing to me. It's like another language."Cory manages Greenpoint's Academy Records Annex, where they want you ...
  • Queens Beer Week kicks off

    Queens Beer Week kicks off

    Friday, April 18 2014 10:19 PM EDT2014-04-19 02:19:20 GMT
    Queens wants to be known as New York City's beer capital. Queens Beer Week kicked off on Friday to celebrate the borough's crafty breweries and the more than 60 venues that serve their beer. Dan Bronson of Crescent and Vine in Astoria is the bearded brains behind the inaugural Queens Beer Week. He organized it all. The nine-day celebration of beers brewed in Queens.
    Queens wants to be known as New York City's beer capital. Queens Beer Week kicked off on Friday to celebrate the borough's crafty breweries and the more than 60 venues that serve their beer. Dan Bronson of Crescent and Vine in Astoria is the bearded brains behind the inaugural Queens Beer Week. He organized it all. The nine-day celebration of beers brewed in Queens.
  • Woman wanted for baby snatch attempt in custody

    Woman wanted for baby snatch attempt in custody

    Friday, April 18 2014 9:57 PM EDT2014-04-19 01:57:17 GMT
    Police have taken into custody the woman believed to have tried to push a stroller with a baby inside away from a nanny in Chelsea. Tara Anne McDonald, 46, was being evaluated at a hospital Friday night. The attempted kidnapping occurred on 8th Ave. and 17th St. at about 3:45 p.m. on Thursday, police said.
    Police have taken into custody the woman believed to have tried to push a stroller with a baby inside away from a nanny in Chelsea. Tara Anne McDonald, 46, was being evaluated at a hospital Friday night. The attempted kidnapping occurred on 8th Ave. and 17th St. at about 3:45 p.m. on Thursday, police said.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices