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University of Chicago gets $75 million from married alumni

CHICAGO (AP) -- Two graduates of the University of Chicago's Booth School of Business have made a $75 million gift to the school.

The university says the Booth School will name its academic high honors after Amy Wallman, a 1975 MBA graduate, and Richard Wallman, a 1974 MBA graduate.

Amy Wallman was a partner at Ernst & Young and a director of Omnicare. Richard Wallman served in senior financial posts at Ford Motor Co., Honeywell International, IBM and Chrysler. They live in Florida.

In a statement, Amy Wallman notes the Booth School is a world-class institution. She says they hope their gift "will make it even better."

University president Robert Zimmer says the school will use the funds for, among other initiatives, scholarships for students in full-time, evening, weekend and executive MBA programs.