U Chicago Receives $100 Mil Gift

By NewsDude ,  Newser Staff
Posted Jun 1, 2007 9:00 AM CDT
President Robert Zimmer   (University of Chicago)
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(Newser) – An anonymous donor has pledged the largest gift ever—$100 million—to the University of Chicago. The gift's purpose is to eliminate student loans for undergraduates from low-income families. The donor came from a family of modest means and has, quite obviously, done well for himself . The university identified the donor only as a man. 

The donor refers to his undergraduate experience at the U of C as the center of the "Archimedean comedy of my personal and professional life." In another tip of his hat to his educational loves, the grants will be called Odyssey Scholarships.