Two universities have become the beneficiaries of historic gifts. The University of Tennessee has received a $130 million investment—the largest in its history—from alumni Dee and Jimmy Haslam, CEO and chairman, respectively, of Haslam Sports Group, which owns the Cleveland Browns and a controlling interest in the Milwaukee Bucks, among other things.

The University of Tennessee has received $130 million from alumni Dee and Jimmy Haslam. It’s the largest gift ever for the state’s land grant, flagship university.

Two universities have become the beneficiaries of historic gifts. The University of Tennessee has received a $130 million investment—the largest in its history—from alumni Dee and…