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A $50 million gift to Purdue University will be used to help relaunch the Mitchell E. Daniels Jr. School of Business, the university announced Monday.

The donation, committed by the Dean and Barbara White Family Foundation, will serve as the lead gift to establish the Bruce White Undergraduate Institute within the business school. It represents the largest monetary gift ever made to Purdue’s School of Management/Business.

Bruce White, who died last month, was an alum who served on Purdue’s Board of Trustees and remained a longtime benefactor of the university.

“The White Family Foundation has long been a truly dedicated partner in helping Purdue achieve excellence at scale,” said President Mung Chiang, who recently succeeded Daniels. “The naming after Bruce White, one of the most prominent Boilermakers our university has ever known, is particularly meaningful to us. This gift ensures Purdue will educate exceptional undergraduate business students who will create and grow competitive businesses in a technology-driven, free-market economy.”