The money could be used at any college in the state, public or private.
It is also one of the larger private gifts to a public college or university in the country.
For four years at a public college, the cost is $16,000.
At the time it was the largest gift to a public college in the history of higher education.
That had been the largest individual gift to a public college or university.
With close to 13,000 students, it is Israel's largest public college.
Today, seven of every 10 students in higher education attend a public college.
It is now the largest public college in the area.
Just three years ago, the median debt held by a public college or university was $87 million.
In the same period, the cost of attending a four-year public college has gone up about 28 percent, to $8,086 a year from $6,302.