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Businessman makes $10 million donation to University of Louisville
Reported by: Associated Press
Reported: Thursday, June 26, 2014 2:22 PM EDT
The University of Louisville has landed one of its largest gifts in school history — a $10 million donation from a businessman.
The donation announced Thursday continues the school's fundraising momentum.
UofL recently surpassed its $1 billion goal for a fundraising campaign that began in 2007.
The school says Nichols' gift will be paid over three to five years. Nichols is chairman of NTS Corp., a real estate development firm.
The donation was announced at The Nucleus, the UofL Foundation's new office building. The Nucleus is the first new building in a developing complex for entrepreneurs and researchers. UofL says the downtown complex will be named for Nichols.