Michigan State University gets $25M from philanthropist Eli Broad
EAST LANSING, Mich. (AP) - Eli Broad is writing another big check at Michigan State University.
Broad and wife Edythe are giving $25 million to Michigan State's College of Business, which bears the Broad name. The donation increases their total giving to MSU to nearly $100 million.
The latest gift was announced Friday. MSU President Lou Anna Simon says it's "extraordinary and will have a lasting impact."
The business school intends to raise another $80 million through other donors. The goal is to build a $60 million graduate pavilion to house graduate programs.
Broad is a Detroit native and MSU graduate. He founded a home construction company and also owned financial company SunAmerica.