News Sections
Audio
Notre Dame Alum Donates $100 Million To School In Unrestricted Gift
Updated October 26, 2017 7:31 AM | Filed under: Education
 Print    Archive    RSS

(SOUTH BEND) - A University of Notre Dame graduate is donating $100 million to the university, in the largest unrestricted philanthropic gift the school has ever received.

Notre Dame's president, the Rev. John I. Jenkins, said in a statement Tuesday that he's grateful for the "bold, innovative gift" from aviation entrepreneur Kenn Ricci and his wife, Pamela.

The gift's unrestricted status means school leaders can use the money however they choose.

The South Bend Tribune reports that Ricci is a 1978 Notre Dame graduate who serves on the school's board of trustees.

Ricci, of Cleveland, Ohio, is the principal of Directional Aviation Capital, which operates private aviation companies.

The Riccis will begin fulfilling their commitment through lifetime gifts, followed eventually by proceeds from the sale of assets held in a limited partnership.



« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to comments@wbiw.com

Advertise with 1340 AM WBIW
Find more about Weather in Bedford, IN
Advertise with 1340 AM WBIW


1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2017 Ad-Venture Media, Inc. All Rights Reserved.   WBIW.com and Listen Live Powered by HPC

Advertise  |  Careers  |  Contests  |  About  |  Feedback