Dive Brief:

• Harvard has received a $150 million donation, the largest ever to its undergraduate school.
• The gift, from hedge fund founder Kenneth Griffin, is expected to help about 800 students a year pay for college.
• About $10 million of Griffin’s gift will support a professorship at the university's business school.

Dive Insight:

Harvard’s endowment of $32.7 billion makes it the wealthiest school in the world. In the fiscal year ended in June, Harvard raised $792.3 million.