Le Moyne College Gets $50-Million

Le Moyne College, a Jesuit institution in Syracuse, N.Y., has received a $50-million bequest from Robert and Catherine McDevitt, longtime supporters of the college, the Business Wire has announced. The husband and wife, who both died this year, derived their wealth from IBM shares collected over many decades; Mr. McDevitt’s mother served as secretary to the company’s founding president. The gift, which will more than double Le Moyne’s current endowment, will be dedicated to the academic areas of computer science, information processing, physics, and religious philosophy, according to college officials.