Notre Dame Receives $40 Million Gift

The in South Bend, Indiana, has received a $40 million gift from investment banker John "Jay" Jordan II, the Indiana Observer reports.

The as-yet-undesignated gift is the second-largest ever received by the university; the largest, a $50 million bequest from Joan B. Kroc in 2003, was used to expand graduate studies at the school's institute for international peace studies. The gift from Jordan, a member of Notre Dame's board of trustees and founder of the , a Chicago-based private investment firm, establishes him as the most generous benefactor in Notre Dame history, surpassing Kroc's total of $69.1 million. According to university officials, Jordan, a 1969 Notre Dame alumnus, is also the principal benefactor of the $70 million Jordan Hall of Science, currently under construction on the eastern edge of the campus.

"The commitment and insight that he brings to our board of trustees is a source of inspiration to all of us at the university," said incoming university president Father John Jenkins. "He can take great comfort in considering the generations of Notre Dame students who will reap the benefits of his contributions in so many ways."

Eileen Duffy. "." Indiana Observer 02/07/2005.