I've always wondered why someone didn't do this. It can be cheaper to endow a gift that trumps the Nobel than to endow a top business school. University of Ch

I've always wondered why someone didn't do this. It can be cheaper to endow a gift that trumps the Nobel than to endow a top business school. University of Chicago sold the name Booth for a $300 million stake in a fund company. The Nobel pays $1.2 million per year. Milner just gave $27 million, which discounted to perpetuity at 5% is $540 million, but he could have had a similar impact for half the cost.