The Michael & Susan Dell Foundation has pledged to donate $50 million to theÂ UniversityÂ of Texas for a medical school. The annoucement of this donation comes 12 weeks after votes were cast in favor of and passing an increase in property tax in order to build the medical school (to the tune of $35 million).Â
The center is appropriately to be named: "The Dell Medical School"
The donation is set to be done at $5 million a year for 10 years.Â No decision has been made on how the $50 million will be spent. The university and the foundation will decide that together, according to UT president.Â