U. Michigan Receives $50 Million Donation From Richard Rogel

The University of Michigan received a $50 million pledge, including $30 million for medical school scholarships, from businessman Richard Rogel.

The gift from Rogel, 64, president of holding company Tomay Inc., and his wife Susan, 72, will also fund $10 million in programs at the Center for Chinese Studies and $10 million in future university initiatives, the Ann Arbor-based school said today in a statement.

Michigan also had gifts or pledges this year of $200 million from real estate developer Stephen Ross; $110 million from Charles Munger, vice chairman of Warren Buffett’s Berkshire Hathaway Inc.; and $50 million from Helen Zell, wife of Sam Zell, chairman of Equity Residential, the largest publicly traded U.S. apartment landlord.

Rogel graduated in 1970 as valedictorian from the University of Michigan business school.

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