In what Michigan officials are saying represents the largest single donation in the university’s history, Miami Dolphins owner Stephen Ross has reportedly given a whopping $200 million to his alma mater. Ross, a real estate magnate, wants the money split between the business school and the athletic department. According to ESPN, the school says the gift will “significantly transform the student experience at the business school and athletic campus.”
Ross has now provided a total of $313 million to the university.
The business school is already named after him (Stephen M. Ross School of Business) and the athletic campus is now expected to be named the Stephen M. Ross Athletic Campus as well.
Another highly visible Michigan alum, former Heisman Trophy winner Desmond Howard, was extremely grateful to see the Wolverines in such good (read: lucrative) hands.
Ross had the following to say on the donation:
“The University of Michigan had a profound impact on my life and I have received enormous satisfaction from being able to give back to the institution that played such a critical role in my success.”