Florida State University has received a historic $100 million donation from Jan Moran and The Jim Moran Foundation.
The trust will be used to establish the Jim Moran School of, which will launch in August 2018. The donation is reportedly the largest single contribution ever in Florida’s higher education system.
The donation comes amid FSU’s push to raise $1 billion through its “Raise the Torch” fundraising campaign. Slated to end in June 2018, the campaign has brought in more than $725 million in commitments as of October 31.
Jim Moran, who moved to Florida in 1966, died in 2007 at the age of 88.
His fortune came through car dealerships, including becoming the largest distributor of Toyota vehicles in the country. At his death, Forbes magazine listed his net worth at $2.4 billion.
Moran first gave nearly $2 million to FSU in 1995 toward what is now The Jim Moran Institute for Global Entrepreneurship.