|Page (1) of 1 - 09/22/11||email article||print page|
University of Pittsburgh gets $125M pledge from same donor who vowed $265M to Carnegie Mellon
PITTSBURGH (AP) ' A former steel executive has pledged $125 million to the University of Pittsburgh just weeks after he pledged $265 million to the city's Carnegie Mellon University.
Pittsburgh school officials say the pledge from William S. Dietrich II is the single largest gift in its history. In recognition, Pitt's School of Arts and Sciences will be named after Dietrich's father.
Dietrich transformed a small family business into the nation's largest manufacturer of light metal construction framing. He earned his master's degree and doctorate in political science from Pitt.
The gift will begin when the 73-year-old Dietrich dies and will be administered by a foundation. It wasn't disclosed whether the gift was stocks, cash or both.
Dietrich's pledge to Carnegie Mellon earlier this month was the largest in that school's history, too.