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April 15, 2013

Two Virginia Colleges Receive $20-Million-Plus Donations

A family of Roanoke College alumni has pledged $25-million to the Virginia institution, the largest single gift in its history, according to the Associated Press and Roanoke TV station WSLS.

The liberal-arts college in Salem,  Va., announced the pledge from the Mulheren family Saturday in conjunction with the public launch of a $200-million campaign. Nancy Mulheren, a Roanoke trustee, graduated from the college, as did her son and late husband.

The school said it is past the halfway point in the fundraising drive.

The College of William and Mary has received $23.9-million from the estate of a former campus sports star who died last year, writes the Richmond Times-Dispatch.

The bequest from Walter Zable will primarily support athletics at the Williamsburg, Va., university, with $10-million earmarked for student-athlete scholarships and a like amount supporting renovations at the college's football stadium, which was named for Mr. Zable in 1990. The remaining $3.9-million is undesignated.

Mr. Zable, who died in June 2012 at age 97, was a football star at William and Mary and also lettered in baseball, basketball, and track. He subsequently built a fortune in electronics, technology, and defense contracting.