Michigan State University has received the largest single donation in its history, a $30 million gift from real estate investor Edward Minskoff toward construction of the Business Pavilion at the Eli Broad College of Business.

In recognition of the gift, interim President John Engler will recommend to the MSU Board of Trustees that the pavilion be named after Minskoff, a 1962 alum of the university. The university announced the donation Thursday morning.

The $60 million pavilion, an extension of the Eppley Center that houses the business school, is being funded by MSU's Empower Extraordinary campaign. The 100,000-square-foot structure will feature collaborative learning spaces, state-of-the-art education technologies and an expanded career center, a news release said. A glass-walled atrium will give students, faculty and visitors a panoramic view of the Red Cedar River from the building that is expected to open in fall 2019.

“Michigan State is an important university and important to my past. It gave me a strong foundation, so I am privileged to be making a contribution that will help Michigan State continue to attract and prepare future business leaders,” Minskoff said in a news release.

Minskoff is president New York-based real estate firm Edward J. Minskoff Equities Inc., which has more than 5 million square feet of office, residential and retail properties in The Big Apple and other big cities. He and his wife, Julie, who have financially supported the university for decades, also donated $3 million towards the Eli and Edythe Broad Art Museum in 2013.

"His philanthropy has woven his legacy permanently into the fabric of our community and transformed the learning environment for our students," Engler said in a statement. “This gift demonstrates Edward’s confidence in Michigan State and signals a bright future for MSU and our students."

The contribution is a sign that MSU's fundraising efforts have not been feeble in the wake of the Larry Nassar scandal. Donations cannot be used to pay the $500 million settlement to resolve allegations that the university did not do enough to protect women and girls from sexual assault by the former doctor, Crain's has reported.

MSU launched its Empower Extraordinary campaign in 2011 to raise $1.5 billion and completed that goal a year early. The campaign has now topped $1.7 billion, according to its website, and will continue taking donations until Dec. 31.

Money raised from Empower Extraordinary is funding 100 new endowed chairs, the Grand Rapids Research Center, the business college pavilion and a music college pavilion. It will additionally provide for 1,200 scholarships.