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$250M Gift to Kentucky College Withdrawn – Higher Education

A $250 million donation that would have been among the largest gifts to higher education in U.S. history has been withdrawn from a small Kentucky liberal arts college, officials said Monday. Centre College in Danville, Ky., known for hosting vice presidential debates in 2000 and 2012, said Monday 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.