Six donors, including the Busch Family Foundation and the Charles Koch Foundation, have pledged a combined $47 million to Catholic University to support its business school and other campus programs, The Washington Post writes.
The biggest of the gifts, $15 million, came from California hotel magnate Tim Busch and his wife, Steph. The money will be used to renovate Catholic's Maloney Hall to house the school of business and economics, which will be renamed for the couple.
The $10 million Koch contribution will support the business school and the university's new Institute for Human Ecology, which studies human beings' relationships with one another and the world around them. Catholic also announced gifts Tuesday of $10 million from the Arthur and Carlyse Ciocca Charitable Foundation and three more donations adding up to $12 million.