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September 29, 2015

Indiana U. Music School Receives $20-Million Contribution

Indiana University announced a $20-million gift Monday to its Jacobs School of Music from the son of the donor for whom the school is named, The Herald-Times of Bloomington writes. Most of the donation from David Henry Jacobs will support a new scholarship and fellowship program.

The music school, at which Mr. Jacobs studied in the 1970s, received a $40.6-million bequest in 2005 from his mother, Barbara Barrow Jacobs. The school was renamed for the family the following year.

Mr. Jacobs, whose late father was a co-owner of the Cleveland Indians, is an IU Foundation board member and a financial supporter of numerous campus programs, the university said in a statement that also announced the launch of the public phase of a five-year, $2.5-billion capital campaign.