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Rensselaer Institute gets a $360 million donation

WASHINGTON (Reuters) — An anonymous donor has donated $360 million to Rensselaer Polytechnic Institute, the school said Monday, describing it as the largest gift ever to any public or private university in the United States.

Shirley Ann Jackson, president of the Troy, N.Y., institute, said the gift came with no restrictions on how the money could be spent.

"A gift of this magnitude, offered to the university fully unrestricted, is unprecedented. The remarkable generosity of this donor will enable Rensselaer to move boldly into new arenas that are vital for society," Jackson said in a statement.

She said the university could not divulge the identity of the donor or even whether the money came from an individual or a foundation.