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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.
In 1881, facing dire financial circumstances, the university turned to William Bucknell, a charter member of the board of trustees, for help. His donation of $50,000 ($1,221,897 today) saved the university from ruin.