Arts, Leisure and Sports

CHARLOTTESVILLE, Va. (AP) — Two University of Virginia School of Law alumni have made a $43.9 million donation to the school, which is the largest gift in its history.

The Daily Progress reports Martha and Bruce Karsh announced they will donate the money Thursday. The gift includes $18.9 million in matching funds from the university’s board of visitors, which will be given in the Karshes’ name.

The gift will be funded by 2022 and will fund the school’s premier student scholarship program and establish the Karsh Center for Democracy. It’ll also create an endowed professorships fund to support faculty affiliated with the Karsh Center.

Bruce is, co-founder, co-chairman and CEO of Los Angeles-based Oaktree Capital Management. Martha co-manages the Karsh Family Foundation giving and serves on the national board of the Knowledge Is Power Program Foundation.

“Gran Fondo” tranlates from Italian as “Big Ride” – and three big bike rides are coming to Botetourt County in October. More on an announcement made this morning from WFIR’s Gene Marrano:

5-10 Gran Fondo Wrap#1-WEB

Also announced today: at next Thursday’s Visit Virginia’s Blue Ridge annual meeting the executive director of the International Mountain Biking Association will appear, to make a “major announcement” – which could be the silver designation as a biking center that VBR has been working to secure.