DANVILLE, Ky. (AP) — A tiny liberal arts school in Kentucky that hosted vice presidential debates in recent years has landed one of the largest donations ever to a U.S. college or university.
Centre College announced the gift of stocks worth $250 million Tuesday from the A. Eugene Brockman Charitable Trust. The total value puts it among the 20 biggest such gifts of all time, according to the Chronicle of Higher Education.
The school best known for hosting vice presidential debates in 2000 and 2012 says it will use the money to set up scholarships in science, computer science and economics.
Centre College President John A. Roush said the gift represents a "fundamental transformation" in the school's ability to support students demonstrating leadership potential.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)