Michigan athletics splits $200 million donation

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Stephen Ross’ gifts to Michigan surpass $300 million.


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 athletic programs, which is the largest single donation in school history.

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 yesterday.

With the additional funding, Michigan plans to improve its facilities and build sites to be a destination for local, state, national and international competitions.

Specific projects will be announced in the coming months, the school said.

“I think it means a whole lot to the university as a whole when you look at $100 million for academics and $100 million for athletics,” football coach Brady Hoke said.

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