Billionaire hedge fund manager Leon Cooperman and his wife Toby Cooperman gave $25 million to Hunter College last week.
The Wall Street Journal reported that the donation is the largest received by the college—which the couple both attended in the 1960’s.
The Coopermans told the Journal said that the gift is partly to celebrate their upcoming 50th wedding anniversary and their 50th Hunter reunion.
The $25 million to Hunter will be split between a scholarship program and the college’s library. $10 million will go toward building the scholarship program, which will provide grants to gifted students in need of financial aid, while the other $15 million will go toward completing the Leon and Toby Cooperman Library.
Cooperman, the chairman and CEO of New York-based hedge fund firm Omega Advisors, is no stranger to philanthropy as he also donated $25 million to Columbia University’s Business School. The self-described “poor boy from the Bronx" attended the business school after receiving A grades for all his economic classes during his undergraduate program at Hunter.