Le Moyne College Receives $50,000,000.00

Le Moyne College has received one of the largest single donations ever made to a Jesuit college or university, Le Moyne President Fred P. Pestello, Ph.D., announced today. The McDevitt Endowment, currently valued at approximately $50 million, will more than double Le Moyne's current endowment. It will be dedicated to the academic areas of computer science, information processing, physics and religious philosophy.

The McDevitt Endowment was established by a generous donation from the estate of Robert and Catherine McDevitt of Binghamton, N.Y., long-time friends of Le Moyne College and faithful supporters of Jesuit education. Robert McDevitt's cousin, the late Rev. Edward L. McDevitt, S.J., helped establish Le Moyne College's physics department after the college was founded in 1946.

"The McDevitt Endowment is a transformational gift and one of the most significant events in our history," Dr. Pestello said. "The new McDevitt Endowment will enhance our standing in the national academic community, continue our momentum toward becoming one of the finest institutions of our kind in the country and ensure that Le Moyne remains an excellent value."
Link (here)