Multi-million dollar gift to Centre withdrawn - wave3.com-Louisville News, Weather & Sports

Multi-million dollar gift to Centre withdrawn

Posted: Updated:
The Centre College campus The Centre College campus

DANVILLE, KY (WAVE) - A $250 million gift, among the largest ever to higher education in U.S. history, has been withdrawn to Centre College.

Centre, a small liberal arts college in Danville known for hosting vice presidential debates in 2000 and 2012, said Monday the gift from the A. Eugene Brockman Charitable Trust was linked to a significant capital market event.

The statement didn't offer further explanation, but said it put considerable time pressure on the college to secure the gift and the proposed scholarship program.

Eventually, the two sides ultimately decided they could not finalize the deal.

Copyright 2013 WAVE 3 News. All rights reserved.