DePauw University gets $31 million in donations

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The founder of Lincoln Capital Management and his wife have donated $20 million to DePauw University to provide financial aid to students, part of $31 million in donations announced by the school in central Indiana.

The money was donated by Timothy and Sharon W. Ubben, both 1958 graduates of the school. The gift was formally accepted by the university's board of trustees over the weekend.

The school on Monday also announced it received two anonymous gifts totaling $7 million, which will be used to improve athletic and recreational facilities, including the installation of synthetic turf on the football field at Blackstock Stadium.

The school also announced a $2 million gift Kenneth and Carrie Melind Coquillette, 1982 graduates, to fund new career preparation programs and two more $1 million gifts.

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