Brown University’s Watson Institute receives $50M gift

By The Associated Press

PROVIDENCE, R.I. (AP) _ Brown University’s Watson Institute for International and Public Affairs has received a $50 million gift.

The institute said Monday it will use the money to expand its faculty roster to about 30 professors and pay for construction of a new building.

The institute said three long-time supporters made the gift jointly to help support its efforts to become one of the leading centers for the study of security, development, and governance.

The donors include former chairman and CEO of Oppenheimer & Co. and chancellor emeritus of Brown Stephen Robert; the Thomas J. and Olive C. Watson Jr. Foundation, administered by retired senior vice president of IBM David McKinney; and Museum of Modern Art trustee Alice Tisch and Thomas Tisch, current Brown chancellor and managing partner of investment firm Four Partners.

© The Associated Press / WLNE-TV 2015