ANN ARBOR, MICH. — Real estate developer and alumnus Stephen Ross is giving the University of Michigan (U-M) $200 million, making it the largest single gift in the history of the university and Ross its largest donor, according to U-M. The money will be split between the university’s business school and the athletic department. Ross is the chairman and founder of New York-based Related Cos. The money will be used to create contemporary spaces for the nearly 6,000 students who take courses at the Stephen M. Ross School of Business and the 900-plus student athletes in all sports. In addition, scholarships will be available for students. Specific projects will be announced in the coming months. In 2004, Ross gave $100 million toward a new building and endowed operations for the business school, which was renamed in recognition of his gift. The building was completed in 2009.
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