Article,

Billionaire's \$250 million donation saves private university in Germany

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New York Times, (2006)

Abstract

The article reports that Klaus J. Jacobs, a German-born billionaire had donated \$250 million to the International University Bremen in Bremen, Germany. This is said to be the biggest gift ever made to a German university. It has been also reported that the university was on the corner of bankruptcy but Jacobs has saved it.

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