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Philanthropist gives $100 million to University of Michigan Business School.
Knight Ridder/Tribune Business News, September, 2004
By Maryanne George, Detroit Free Press Knight Ridder/Tribune Business News
Sep. 10--Growing up on La Salle Boulevard on Detroit's northwest side in the 1950s, Stephen Ross was not a man of means.
His first job was a paper route. Later, he had to ask his uncle Max Fisher for money to pay his tuition at the University of Michigan Business School.
On Thursday, more than 50 years later, a grateful Ross, now a New York real estate magnate and philanthropist, returned to his alma mater to say thanks with a gift of $100 million, the largest in U-M's 187-year history and the largest gift ever to a U.S. business school.
In recognition of the gift, the U-M Board of Regents voted Thursday morning to rename the school the Stephen M. Ross...
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