Northeastern University just cashed its biggest check ever from a pair of alumni.
Richard D'Amore and Alan McKim donated $60 million - the largest philanthropic investment in the university's history.
"Once in a generation, history is made in the life of a university. This is one of those moments," said Northeastern President Joseph Aoun. "This unprecedented investment will allow our School of Business to build on its strength in global entrepreneurial programs and make a quantum leap forward. It will also galvanize our community and allow us to set our collective sights even higher."
- Celebrity deaths 2018: All the stars we lost too soon 45 Pictures
- 10 finalists for TIME Person of the Year 2018 11 Pictures
The gift means the School of Business Administration will be renamed the D'Amore-McKim School of Business. It is the first college or school to be named at Northeastern.
A naming ceremony will be held later this month.
Prior to this grant, the largest contribution to Northeastern was a $20 million gift in 2006.
D'Amore is a co-founder of North Bridge Venture Partners, a venture capital firm based in Waltham. McKim is the founder and head of Clean Harbors, a provider of environmental, energy and industrial services.