New York Law School is in the money.

The school announced on Wednesday that it has received a $20 million donation from The Starr Foundation, an organization that finances initiatives in education, medicine, public policy and other areas. The donation is going to the law school’s capital campaign, dubbed "Breaking New Ground. Again," which seeks to raise $100 million in seven years for the school’s scholarship endowment and to double the size of its faculty. The gift is among the 20 largest law school donations on records, according to the school.

"I can think of no better use for this wonderful gift than to provide support and programming our students need to become effective leaders of the legal profession," law school Dean and President Richard Matasar said in a prepared statement.

Initiatives the money will support include collaborative learning projects focused on real-world issues in areas of business and finance, Matasar said.

The donation has been given in the name of The Starr Foundation Chairman Maurice Greenberg, an alumnus of the law school, which he attended using scholarship money he received after serving in the Army during World War II. Greenberg is the former chairman and chief executive officer of insurance giant American International Group Inc. He retired from that position in 2005.

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