$265 Million Pledge to Carnegie Mellon

Carnegie Mellon University is today announcing a pledge by William S. Dietrich II, a trustee, of a $265 million gift, The Pittsburgh Post-Gazette reported. Dietrich, who is also on the board of the University of Pittsburgh, is also expected to make a very large gift to that institution. At Carnegie Mellon, the funds -- equal to about a fourth of the university's endowment -- will be used for global initiatives and for programs linking study of the arts and technology.