HONOLULU (AP) - An alumnus has donated $69 million to the University of Hawaii, the largest gift by a single donor to the university system.
The commitment is on top of the $31 million that Jay Shidler previously donated to the college of business.
The college was named for Shidler after his initial donation of $25 million in 2006. He later gave $6 million more.
University officials and the University of Hawaii Foundation say the latest gift will be donated over Shidler's lifetime and through his estate, for the benefit of the Shidler College of Business.
As part of the donation, Shidler plans to contribute interests in income generated by land leased to office buildings in major mainland cities.
Shidler is the founder of The Shidler Group, a real estate investment organization.
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