News and analysis
February 22, 2016

Gifts Roundup: $50 Million to the U. of Chicago

Cindy Chew

Michael Moritz and Harriet Heyman's $50 million gift to the Odyssey Scholarship Challenge will also expand the Collegiate Scholars Program, which encourages high-achieving students from low-income families to apply college.

University of Chicago

Harriet Heyman and her husband, Michael Moritz, pledged $50 million to the Odyssey Scholarship Challenge, which supports undergraduate students with great economic need. The program eliminates the need for loans and academic-year work requirements.

The donation, which will be paid over five years, will also expand the Collegiate Scholars Program, which encourages high-achieving students from low-income families to apply to and succeed in college.

Ms. Heyman earned a master’s degree from the university. She is a former editor at The New York Times and has written for several publications. Mr. Moritz is chairman of Sequoia, a venture-capital firm.

Bowdoin College

David and Barbara Roux gave $10 million to construct a new center for the study of the environment, which will open in the fall of 2018.

Mr. Roux is a trustee of the college. He is co-founder, senior director, and former chief executive of Silver Lake Group, a firm that invests in technology businesses. He previously held executive positions at Liberate Technologies and Oracle Corporation. Ms. Roux is the owner of St. Bride’s Farm in Upperville, Va.

The couple’s daughter, Margot, is an alumna of the college, and several of Mr. Roux’s relatives attended the college.

DePauw University

An anonymous donor gave $10 million to create a technology center and visualization laboratory.

The donation will also help fund a director to lead technology programs and bolster the Founders Fund for Computer Science.

Montana State University at Bozeman

Tim Barnard, founder and chairman of the civil contracting firm Barnard Companies, and his wife, Mary, pledged $5 million to support the planned South Campus development and another $1 million for the College of Engineering.

Loyola University Maryland

Alumna Joanna Armiger Edwards and her husband, Stuart Edwards, pledged $2.5 million to establish an endowed scholarship fund for rising juniors and seniors with financial need and academic merit.

Ms. Armiger Edwards earned an MBA from the university in 2000. She is a licensed clinical psychologist with her own practice in Bethesda, Md.

Mr. Edwards is a former computer-systems integration consultant. He previously worked as a director of policy analysis with the U.S. Department of Energy. He is retired and is currently enrolled in Loyola’s master’s program in theological studies.

Kosair Children’s Hospital

Actress Jennifer Lawrence donated $2 million through her foundation to establish a cardiac intensive-care unit, named in her honor, for children recovering from heart procedures including transplants.

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