Harvard University established the Hutchins Center for African and African American Research with more than $15 million given by Glenn Hutchins, co-founder of the Silver Lake investment firm.
The donation, given through the Hutchins Family Foundation, is part of a $30 million gift Harvard announced last year, the Cambridge, Massachusetts-based school said today in a statement.
Harvard is accelerating its fundraising efforts as it prepares to announce the start of a multiyear campaign to fund teaching, research and construction projects. Henry Louis Gates, Jr., a professor of African and African American studies at Harvard, will serve as director of the Hutchins Center.
“With this unprecedented gift from the Hutchins Family Foundation, we secure our place as the pre-eminent site for research about the African diaspora in the academy,” Gates said in the statement.
Hutchins got his undergraduate degree from Harvard in 1977 and also earned MBA and law degrees there. Last week, Silver Lake and Michael Dell won shareholder approval to buy computer maker Dell Inc. (DELL:US) for $24.9 billion in the largest buyout of a technology firm.
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