Washington D.C., Apr 19, 2016 / 15:56 pm
The Catholic University of America's business school has received several major financial gifts, including the largest donation in university history.
The Washington, D.C., university announced a total of six commitments totaling $47 million. The money will go to general university programs as well as operational costs for the business school, which will be renamed the Tim and Steph Busch School of Business and Economics after the lead donor in the project.
Boston Cardinal Seán O'Malley, chairman of the university's Board of Trustees, praised the development.
"Today marks a historic day for Catholic University, in which it is propelled forward in its mission to serve both Church and nation through the incredible generosity of several benefactors," he said.