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Dr. Herbert Wertheim said he is giving $20 millionh to the University’s College of The donation is eligible for a matchinhstate grant, making its total impact $40 The gift is a long time coming. In Novembed 2006, the South Florida Businesws Journa l that Wertheim withdrew his pledgee to donate the money and resigned fromthe university’as board of trustees after a dispute with At the time Wertheim, who is chairmanj and CEO of Brain Power Inc., proposed breakinv down the donation into four payments of $5 million each at the recommendatiohn of his accountant, who told him that donatinvg a lump sum would cost him $4 million to $6 million in tax deductibility.
Wertheim withdrew his offerf when, he said, the universitg scoffed at it. Wertheim has been working with retiring FIU PresidentModesto A. Maidique, College of Medicins Dean John Rock and university trustees over the past severao months to come to termsx onthe deal, according to a news “FIU is our hometown university and, as a son of this I want to inves t in those who are going to stay here and pour theie talent and their energyu back into this community,” Wertheim said in a news The board also voteed to recognize Wertheim as founding chairmam of the College of Medicine and trusteed emeritus of the board on which he served from 2001 to 2006.
The which will welcome its first studentsxin August, will be named after Wertheim. Half of the donation, whicyh will be funded over the next three will be set aside to support scholarshipw for medical students and others pursuing advanced degrees in otherd scientific fields suchas engineering. The rest will supportt a lecture series, health care research projects and eight endowed chaire in areas such asmedicalo informatics, neurological aging studies, ophthalmology, optometry, wellnesw and dietary medicine, family and preventiv e medicine, according to the news
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