New College Receives $4 Million Gift

The gift, which comes from the estate of Bob and Lee Peterson, is the largest in New College’s 61-year history

Sarasota philanthropists J. Robert “Bob” Peterson and Pasqualina “Lee” Peterson have donated $4 million to New College of Florida through a bequest gift from their estate. It is the largest gift in New College’s 61-year history.

The Petersons previously made significant gifts to New College, and the Lee & Bob Peterson Residence Hall on campus is named in their honor. Bob Peterson spent many years serving on the New College Board of Trustees. Funds from the gift will likely be used to support New College students, endowment, and other critical elements of the college, as per the wishes of the Peterson family.

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