Berkshire Hathaway Inc. Vice Chairman Charles Munger is donating $20 million to the University of Michigan’s law school to renovate a housing complex.
The gift will help upgrade student rooms and living areas, the university in Ann Arbor said in a statement today.
Munger, who studied math at Michigan as an undergraduate, has lectured at the university and acted as its investment adviser, according to the statement. The 87-year-old billionaire also donated $3 million in 2007 for lighting in public areas of the Law Quadrangle, where the housing will be renovated.
“Charlie Munger has a powerful vision of world-class facilities that will match a world-class law school at the University of Michigan,” Mary Sue Coleman, president of the university, said in the statement. “I am particularly pleased because this gift directly benefits the living-learning experience for our law students.”
Munger, a 1948 graduate of Harvard Law School, founded the Los Angeles law firm of Munger, Tolles & Olson. He became vice chairman of Warren Buffett’s Omaha-based Berkshire Hathaway in 1978, according to the statement.