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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.
Paulson's gift is part of a $6.5 billion fundraising campaign the university launched in September 2013. The donation is part of a string of high-sum donations in recent years to schools with already large endowments, highlighting the growing divergence between the have and have-not universities.