$100 million gift to NYU medical center

NEW YORK, April 16 (UPI) -- Billionaire financier Kenneth G. Langone, a founder of Home Depot, is giving another $100 million to the New York University Medical Center.

The donation matches the $100 million he gave the center anonymously in 1999, The New York Times reported Wednesday.

Dean Robert I. Grossman says the Langone gift is the largest in the medical school's 167-year history and one of the largest donations to any medical school in the United States.

As a result of the gift, the university is renaming its medical center the NYU Langone Medical Center.

The university says it will use the $200 million donated by Langone and his wife, Elaine, as the foundation to build a $1 billion hospital pavilion. So far, the school has raised $50 million for the project, not counting the Langone gifts.

Unlike many large donations to colleges and universities, the latest $100 million gift is unrestricted, meaning that they did not dictate how it should be spent.