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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.
Rutgers University in New Jersey, meanwhile, has chosen to keep a $100,000 donation from Weinstein to help fund the school's new chair honoring feminist icon Gloria Steinem. Harvey Weinstein and the H. Weinstein Family Foundation contributed a gift of $100,000 in honor of his late mother, who shared Gloria Steinem's hopes for female equality, Rutgers spokeswoman Karen Smith told NJ.com.