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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.
That effort raised $3.2 billion for the college, well above its $2.5 billion goal. Within the last year U-M has closed on four of the largest donations in the school's 196-year history. The top 10 single donations at U-M add up to a staggering $580 million. All gifts to the university since July 2011 will count toward the school's fundraising goal when it launches its formal campaign in the fall.