News - Carnegie Mellon University: In September 2011, Trustee William S. Dietrich II stunned the Carnegie Mellon University community by announcing his intent to create a foundation(opens in new window) upon his death that would direct over half of its annual philanthropic support to the university. The nature of the plan for perpetual annual support, which was then valued at $265 million, was truly extraordinary. At the time, it was both the largest gift to CMU and one of the 10 largest to any U.S. university.
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