New York real estate magnate and Miami Dolphins owner Stephen Ross is donating $200 million to the University of Michigan for its business school and athletics programs, the largest single donation to the school and among the largest single gifts in higher education history, officials announced Wednesday.
The money will be split between the Stephen M. Ross School of Business and University of Michigan Athletics, and raises Ross' total giving to his alma mater to more than $313 million, the school said in a statement. The Athletic Campus is expected to be named the Stephen M. Ross Athletic Campus.
"Stephen Ross' vision has always been about the ability of facilities to transform the human experience," school President Mary Sue Coleman said in the statement. "He understands the power of well-conceived spaces, and his generosity will benefit generations of Michigan students, faculty and coaches.
"This historic gift is not only an investment in the University of Michigan, but also in...