USC to receive $260-million gift, one of largest in higher education, underscoring its fundraising strength

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USC to receive $260-million gift, one of largest in higher education, underscoring its fundraising strength
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USC, a fundraising juggernaut, will receive a $260-million gift from the Lord Foundation of California for teaching and research. President Carol L. Folt calls it 'one of the greatest opportunities in our history.'

USC announced Wednesday that it would receive a $260-million gift for teaching and research, among the largest single donations in American higher education that underscores the university’s standing as a fundraising juggernaut.

“This tremendous distribution of funds provides us with one of the greatest opportunities in our history to think boldly and to invest in cutting-edge and strategic initiatives that accelerate our research and teaching to address major societal issues for decades to come,” President Carol L. Folt said in a statement.

In April, Parker-Hannifin Corporation announced that it had entered into an agreement to acquire all of the LORD Corporation stock for approximately $3.675 billion.

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