Berkshire’s Munger Pledges Record $110 Million to U. Michigan

Thanks to Matt for passing this along.

Charles Munger, vice chairman at Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), pledged $110 million of securities to the University of Michigan to fund fellowships and a graduate-student residence.

The gift is the largest single donation in the school’s 196-year history, the Ann Arbor-based university said yesterday in a statement on its website. The proposed building will have room for more than 600 occupants and contain apartments with as many as seven bedrooms and private bathrooms that share cooking, dining and living areas.

Munger, 89, studied mathematics at the university in the 1940s and has previously contributed $20 million for renovations at a housing complex. The latest pledge includes $10 million for fellowships. Recipients would live in the residence and be chosen from among the university’s 19 schools and colleges to spur interaction among students from multiple disciplines.

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