Real estate developer Stephen Ross will give $200 million to the University of Michigan to benefit the school’s business school and athletics.
The gift is the largest in the Ann Arbor-based school’s history and brings Ross’s lifetime gifts to the institution to more than $313 million, the university said today in a statement.
Ross is chairman and founder of Related Cos., developer of the Time Warner Center in New York and the Hudson Yards redevelopment project under way on Manhattan’s west side, according to the statement. He also owns the Miami Dolphins.
The donation will expand career services, research and scholarships at Michigan’s Stephen M. Ross School of Business, named for the developer after a previous gift, according to the statement. It will also improve facilities and academic services for the university’s athletes.
Ross graduated from the University of Michigan with a degree in business administration in 1962. He also has a law degree from Wayne State University and a master of law in taxation from New York University.
