Yale announces largest donation in school history - Los Angeles News | FOX 11 LA KTTV

Yale announces largest donation in school history

Posted: Updated:
NEW HAVEN, Conn. (AP) - Yale University has announced a $250 million gift from a 1954 graduate, saying it's the largest in school history and will help pay for the first expansion of its residential college system in decades.

Yale President Peter Salovey on Monday announced the gift commitment from Charles B. Johnson, who retired last year as chairman of the board of Franklin Resources.

Salovey says the gift brings Yale within $80 million of the funds needed to break ground on two new residential colleges.

Yale, which has 12 existing residential colleges, last built new residential colleges in 1961. The construction of two more will enable the Ivy League university to accept a larger percentage of highly qualified applicants to its undergraduate program.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Connecticut NewsConnecticut NewsMore>>

  • Woman claims mayor exposed himself to her

    Woman claims mayor exposed himself to her

    Friday, August 1 2014 7:19 AM EDT2014-08-01 11:19:37 GMT
    An administrative assistant at East Haven Town hall has filed a complaint against the mayor, alleging he exposed himself to her as part of a pattern of sexual harassment.
    An administrative assistant at East Haven Town hall has filed a complaint against the mayor, alleging he exposed himself to her as part of a pattern of sexual harassment.
  • Dad delivers baby into toilet

    Dad delivers baby into toilet

    Thursday, July 31 2014 8:30 AM EDT2014-07-31 12:30:58 GMT
    A Connecticut father proudly helped deliver his own baby... into a toilet.
    A Connecticut father proudly helped deliver his own baby... into a toilet.
  • Healthy food pilot program launched in Connecticut

    Healthy food pilot program launched in Connecticut

    An online marketplace for farmers markets and a nonprofit Connecticut health insurance company are launching a new program to bring local, fresh food to Fairfield County residents.
    An online marketplace for farmers markets and a nonprofit Connecticut health insurance company are launching a new program to bring local, fresh food to Fairfield County residents.
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices