Wednesday, September 07, 2011

Steel Magnate Pledges $265-Million to Carnegie Mellon - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Steel Magnate Pledges $265-Million to Carnegie Mellon - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: Carnegie Mellon University has received the largest gift in its history, a $265-million pledge from a prominent Pittsburgh businessman, reports the Associated Press.

The unrestricted gift from William S. Dietrich II, former chairman of the steel supplier Dietrich Industries, will pay for programs at the Pittsburgh university after the 73-year-old donor dies. It brings Carnegie Mellon close to meeting a $1-billion target for a fund-raising campaign now under way.

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