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October 17, 2011

In Education: $25-Million for Montana State; 2 Pa. Colleges Announce Gifts

A furniture-store mogul and Montana State University alumnus has donated $25-million to his alma mater's business school, says The Bozeman Daily Chronicle, in Montana.

The gift from Jake Jabs, the largest to Montana institute of higher education, will pay for a new home for the university's College of Business, which now occupies the upper floors of an existing campus building.

Mr. Jabs, the son of Eastern European immigrants who grew up in the small town of Lodge Grass, Mont., owns the American Furniture Warehouse chain, the largest private business in Colorado. Late last year he gave the Montana State business school $3-million to open a center for entrepreneurship.

In other education news, the largesse of the industrialist William S. Dietrich II has continued beyond his death this month, with two Pittsburgh universities announcing posthumous gifts.

On Friday Duquesne University announced a $12.5-million donation from Mr. Dietrich, the Pittsburgh Post-Gazette writes. The same day, Chatham University made public a $5-million gift from the steel magnate, the Post-Gazette also reports.

In the weeks before he died, Mr. Dietrich announced donations of $265-million to Carnegie Mellon University and $125-million to the University of Pittsburgh.