As a gift to University of South Carolina School of Business ballooned $ 25M.
Lake City native Darla Moore’s 1999 gift of $ 25 million to the University of South Carolina Business School, to more than $ 37 million.
He turns over $ 1.25 million in income each year for the school that now bears his name.
How the money is coming soon develop?
“We have in such investments, it was common for a house for school,” said Moore, money is a Texas hedge fund. “It is in a hedge fund started, we have 10 or 12 years. We left in these funds.”
Moore said she and her husband, Richard Rainwater, invest money in the fund as well.
Hedge funds, she says, generally shares traded on the market, but stocks were actively traded by traders.
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