The money will be split between the university’s business school — already named for Ross — and the athletic department.
“Steve deeply believes in our future,” U-M President Mary Sue Coleman said. “His generosity will benefit generations of students, faculty and athletes. Thank you for believing in Michigan, for believing in our work.”
Ross said the combination of athletics and academics makes U-M special.
“When you fuse these together, you get a school spirit that exceeds any other school in the country,” Ross said.
Exact details of the projects were not announced at this morning’s press conference, but U-M earlier this morning released general information on how the money will be spent.
Read more at Free Press U-M receives record-setting $200-million donation from Stephen Ross | Detroit Free Press | freep.com.