"We are pleased to be the recipients of this significant gift from the Royces during these challenging economic times," said Lake Erie President Michael Victor.
Mrs. Royce is a 1980 graduate of the summa cum laude graduate of the college majoring in foreign languages with a minor in dance.
She went on to an acting career, starring in the ABC soap opera "All My Children" and appearing in "Beverly Hills 90210" as well as made-for-television movies including "Return to Peyton Place."
Her big screen credits include "April Fool's Day" and "Just One of the Guys". As a story editor at Miramax Films, she worked on such movies as "Chicago", "The English Patient" and "Emma."
In recognition of this gift and others from the Royces, the college will name its fine arts building in her honor.
"With this gift, donors have provided Lake Erie College approximately $22 million in the three and a half years. The Royces have been outstanding friends of the college and of President Victor's vision for the future," said Scott Evans, the college's vice president for institutional advancement.