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The gesture marks the largest gift in the university's 379-year history, surpassing last-year's record-setting donation by Hong Kong-born investor Gerald Chan, who gave $350 million to the School of Public Health. Paulson graduated from Harvard Business School in 1980 and went on to found Paulson & Company in 1994.
The Rowan Gift was the largest to date given to a public college or university in the United States. In 1992, the board of trustees of the college changed the name of GSC to Rowan College (and it became Rowan University in 1997, when it offered its first doctoral program).