Hedge fund manager John Paulson makes $400m donation to Harvard, marking largest ever gift bestowed on the university.

Harvard University is to receive the largest gift in its 379-year history from hedge fund manager John Paulson, who is donating $400m to the institution.

The cash will be used to pay for a campus Harvard is developing across the Charles River in Boston. In addition, the School of Engineering and Applied Sciences will be renamed to recognise Paulson’s contribution.

“The education here opened up a lot of doors for me,” said Paulson, a 1980 business school graduate, adding that the donation would “ensure that Harvard, Allston and Boston and the East Coast will be a centre for technological innovation.”

The donation comes on the heels of a $350m donation by Gerald Chan, who donated the cash to Harvard’s school of public health.

 

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