June 08, 2015

Gifts Roundup: $400 Million to Harvard University for Engineering School

Rose Lincoln, Harvard University
John A. Paulson in Massachusetts Hall at Harvard University
A roundup of notable gifts compiled by The Chronicle:

Harvard University

The hedge-fund manager John Paulson gave Harvard University $400 million last week to endow its School of Engineering and Applied Sciences. While the gift is unrestricted, Mr. Paulson said in the announcement that some of his gift will support research, financial aid, and faculty-development programs.

University officials said they plan to name the school after Mr. Paulson, who earned an MBA at Harvard in 1980 before starting his multibillion-dollar firm, Paulson and Company, in 1994.

Rose Lincoln, Harvard University
John A. Paulson is pictured in Massachusetts Hall at Harvard University.

University of Southern California

Real-estate developer Rick Caruso and his wife, Tina, gave $25 million to the university to endow the department of otolaryngology — head and neck surgery and to endow the department’s treatment center for children with hearing loss.

Mr. Caruso serves on the University’s Board of Trustees and graduated from its Marshall School of Business in 1981.

Cleveland Foundation

Albert Higley Jr. and his wife, Beverly, left $23 million to the Cleveland Foundation to shore up the Higley Fund, the couple’s donor-advised fund.

Mr. Higley died in 2012. From 1971 to 1998, he served as chairman of the family’s 90-year-old construction business, the Albert M. Higley Company. Ms. Higley led the family’s philanthropic endeavors and died in 2014. The couple established the fund in 1994. It supports nonprofits in the Greater Cleveland area and is now run by their children.

University of Minnesota

John and Nancy Lindahl pledged $17 million for the university’s new athletics campus. The Lindahls are directing $12 million of the total to support the basketball and football programs, $2 million to the Carlson School of Management, and another $2 million to the College of Education and Human Development.

The remaining $1 million will support pediatric cardiology research. Mr. Lindahl graduated from the Carlson School in 1968, and Ms. Lindahl graduated that same year from the College of Education and Human Development.

Dartmouth College

The institution received two gifts of $10 million each last week.

The first of which came from Richard Levy, a former chief executive of Varian Systems, a medical software and devices company, who graduated from Dartmouth in 1960. Mr. Levy’s gift will support a team of professors researching health-care delivery systems.

The other $10 million is from an anonymous donor and will go toward a group of professors who are researching globalization.

MedStar Health

Harold and Nancy Zirkin gave $10-million to the medical center for its new Heart Hospital on the MedStar Washington Hospital Center campus. It is scheduled to open in 2016.

Mr. Zirkin founded Zirkin-Cutler Investments and today serves as managing director of United Capital. Ms. Zirkin is executive vice president of the Leadership Conference on Civil and Human Rights.

To learn about other big donations, see our database of gifts of $1 million or more, which is updated throughout the week.

Send an e-mail to Maria Di Mento.