$25 million gift for Drexel University

Despite one of the worst economic downturns in decades, Drexel University in Philadelphia has received the largest individual private gift in its history--$25 million from a member of its board of trustees. The gift from Richard A. Hayne, founder and chairman of Urban Outfitters Inc., will be used to buy and renovate two buildings for a new center for the College of Arts and Design that will enable the university to consolidate its design programs.