Glasgow Daily Times, Glasgow, KY

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September 9, 2013

Centre College loses $250M gift

FRANKFORT — A little over a month ago, Centre College announced it was the beneficiary of one of the largest philanthropic gifts in higher education history.

On Monday, the small liberal arts college in Danville announced the $250 million all-stock gift from the Eugene Brockman Charitable Trust has been withdrawn because of “a significant capital market event” which didn’t materialize.

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