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The gesture marks the largest gift in the university's 379-year history, surpassing last-year's record-setting donation by Hong Kong-born investor Gerald Chan, who gave $350 million to the School of Public Health. Paulson graduated from Harvard Business School in 1980 and went on to found Paulson & Company in 1994.
United Negro College Fund headquarters in Washington, D.C. The UNCF has received charitable donations for its scholarship programs. One of the more high profile donations made was by former U.S. President John F. Kennedy who donated the money from the Pulitzer Prize for his book Profiles in Courage to the Fund.