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Donor says he can't fulfill $16 million pledge to Florida Atlantic University

July 30, 2009
Former insurance magnate Barry Kaye will donate $5 million, but can't afford any more

From The South Florida Sun-Sentinel: Former insurance magnate Barry Kaye has told Florida Atlantic University fundraisers that he is unable to fulfill a $16 million pledge, the largest in FAU's history. Kaye, 81, says he will write the school a final $1 million check, bringing his total gift to $5 million, and he asked to take his name off the College of Business. Kaye says economic conditions have prevented him from fulfilling his pledge.

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