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17.2.11

Limited, Wexner Donate $100 Million to Ohio State University

Leslie Wexner, chairman and chief executive officer of Limited Brands Inc., and his company’s foundation will give $100 million to Ohio State University, the largest gift in the school’s history.

Wexner, the chairman of the university’s board, pledged $65 million, and the foundation will give $35 million, the university in Columbus said today in a statement on its website. The majority of the donation will go to the academic medical center, the Arthur G. James Cancer Hospital and Richard J. Solove Research Institute. Money will also go to the Wexner Center for the Arts and other purposes, the school said.

Wexner, 73, graduated with a degree in business administration from Ohio State in 1959, the university said. Four years later, he opened his first clothing store in Columbus, where Limited Brands is still based. The company, which owns the Victoria’s Secret chain, had sales of $8.63 billion in the year ended Jan. 30, 2010. Wexner and the Limited Foundation have donated, raised or pledged almost $200 million for Ohio State, the university said.

“But for Ohio State, I would never have been able to go to college,” Wexner said in the statement. I love Ohio State and all the good it does.”

Founded in 1870, Ohio State has 64,077 students. Graduates include Ohio Governor John Kasich and Archie Griffin, a former football player who is the only two-time Heisman Memorial Trophy Award winner.

To contact the reporter on this story: Oliver Staley in New York at ostaley@bloomberg.net

To contact the editor responsible for this story: Jonathan Kaufman at jkaufman17@bloomberg.net
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