Businessman gives $200M to USC

The University of Southern California is getting a $200 million donation from a former alumnus and chairman of a steel fabricating company.

The Los Angeles Times reports Tuesday that the gift from David Dornsife and his wife Dana is USC's largest single donation, beating out a previous record of $175 million from "Star Wars" creator George Lucas.

Dornsife is chairman of Herrick Corp., a Stockton-based company that makes steel for skyscrapers and civic projects.

The donation will go to USC's College of Letters, Arts and Sciences, which will be named for the Dornsifes. There is no restriction on how the money should be spent, but it is expected to support faculty hiring, research and fellowships.

USC President C.L. Max Nikias called the donation "a very, very transformative gift."

Information from: Los Angeles Times.

Copyright 2011 The Associated Press.