Two alumni of Northeastern University have given the business school $60m to invest in the undergraduate, graduate and executive programmes at the school, in particular to increase overseas programmes and teaching in entrepreneurship.

The two are Richard D’Amore and Alan McKim, and the school will be renamed the D’Amore-McKim School of Busi­ness.

Mr D’Amore earned an undergraduate degree from the university in 1976 and has gone on to become a general partner at venture capital firm North Bridge Venture Partners. Alan McKim, who was awarded an MBA in 1988, is now founder, president, and chief executive of Clean Harbors, which provides environmental, energy and industrial services to, among others, the pharmaceutical, chemical and petrochemical industries. It is also the largest hazardous waste disposal company in North America.

The donation is the largest ever to Northeastern University. Prior to the D’Amore-McKim gift, the largest dona­tion received by North­eastern University was $20m.

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