Tycoon gives $100 million to Yeshiva University

/ Source: The Associated Press

An oil executive has donated $100 million to Yeshiva University — the largest gift in the school’s 120-year history — to further undergraduate Jewish education, the university announced.

The donation of Ronald P. Stanton, chairman of petrochemical and fertilizer fuel company Transammonia Inc., will create a fund overseen by university president Richard M. Joel to recruit top faculty, renovate and acquire university facilities and support research and scholarship.

“We are extremely grateful to Ron for his historic beneficence, as well as his steadfast confidence in Yeshiva University’s mission,” Joel said Wednesday. The contribution will ensure the 7,200-student school remains a top-tier American research university, he said.

The university has three undergraduate schools, including a women’s college and business school, and graduate programs including Albert Einstein College of Medicine and the Benjamin N. Cardozo School of Law.