$250 million gift to Kentucky college withdrawn

Associated Press
$250 million gift to Kentucky college withdrawn

FILE - In a Tuesday, July 30, 2013 file photo, Centre College President John A. Roush announces that the tiny liberal arts school in rural Kentucky has received a $250 million gift, in Danville, Ky. Centre College said Monday, Sept. 9, 2013 that the $250 million donation that would have been among the largest gifts to higher education in U.S. history has been withdrawn. The college said that the all-stock gift from the A. Eugene Brockman Charitable Trust was linked to a "significant capital market event" that put considerable time pressure on the college to structure the gift and the proposed scholarship program. (AP Photo/Bruce Schreiner, File)

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