Temple University Gets $25M From Philly Philanthropist

Friday, Nov 22, 2013  |  Updated 7:19 PM EDT
View Comments (
)
|
Email
|
Print
Temple gets its largest money donation ever from a local alumnus.

NBC10.com

Temple gets its largest money donation ever from a local alumnus.

advertisement

An alumnus of Temple University surprised the crowd at an awards dinner by pledging $25 million to his alma mater.

The donation from Lewis Katz would be the largest gift ever to the Philadelphia school.

Katz made the announcement Wednesday night after receiving a leadership award from Temple's business school.

He did not say how the gift would be used.

Katz graduated from Temple in 1963 and went on to make a fortune in parking lots and real estate. He is a former owner of the New Jersey Nets and Devils.

Katz says comedian Bill Cosby, a Temple classmate, convinced him to reconnect with the university. Katz became a trustee in 1998.

He is currently a co-owner of The Philadelphia Inquirer, Philadelphia Daily News and the website Philly.com.

More NBC10.com stories:

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
FlyeredUp: Win 2 Tickets to Flyers Playoff Game
Win two tickets to the first... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out