Donation News

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Yale University announced Monday that it recently received a large donation:

Lei Zhang MBA ’02, GRD ’02 has pledged the largest gift ever to the Yale School of Management by a graduate of the school. Zhang’s pledge, made less than 10 years after his graduation from Yale, also represents the largest gift to date from a young Yale University alumnus.

Yes, the largest and weirdest gift. Zhang, the founder of Hillhouse Capital Management, a Chinese money management company, has donated exactly $8,888,888.00 to the school. Eight is considered a lucky number in Chinese culture.

Daniel Luzer

Daniel Luzer is the news editor at Governing Magazine and former web editor of the Washington Monthly. Find him on Twitter: @Daniel_Luzer