Notre Dame alum from Cleveland donates $100M to school in unrestricted gift

A general view of the mural known as "Touchdown Jesus" on the campus of Notre Dame University before the Notre Dame Fighting Irish take on the University of Southern California Trojans at Notre Dame Stadium on October 19, 2013 in South Bend, Indiana.
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SOUTH BEND, Ind. (AP) - A University of Notre Dame graduate is donating $100 million to the university, in the largest unrestricted philanthropic gift the school has ever received.

Notre Dame's president, the Rev. John I. Jenkins, said in a statement Tuesday that he's grateful for the "bold, innovative gift" from aviation entrepreneur Kenn Ricci and his wife, Pamela.

The gift's unrestricted status means school leaders can use the money however they choose.

The South Bend Tribune reports that Ricci is a 1978 Notre Dame graduate who serves on the school's board of trustees.

Ricci, of Cleveland, Ohio, is the principal of Directional Aviation Capital, which operates private aviation companies.

The Riccis will begin fulfilling their commitment through lifetime gifts, followed eventually by proceeds from the sale of assets held in a limited partnership.

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