Paul Smith's College in upstate New York is seeking permission add philanthropist Joan Weill to its name in exchange for a $20 million donation from Ms. Weill and her husband, former Citigroup chief Sanford Weill, reports the Adirondack Daily Enterprise.
The planned change to Joan Weill-Paul Smith's College requires approval by the state Board of Regents and a Franklin County, N.Y., court, which must determine if it breaches the terms of the gift that established the small private school in 1946.
The Weills have given the college in Adirondack Park nearly $10 million over the past 20 years. Ms. Weill served for 19 years as a Paul Smith's trustee and is credited as a driving force in the institution's change from a two-year to a four-year institution in the 1990s.
College President Cathy Dove called Ms. Weill "a founder of this college in the modern era." The proposed switch has drawn online protests from some Paul Smith's alumni.