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Carrying on a philanthropic tradition begun by his late father, Adrian C. “Ace” Israel of the Yale Class of 1936, investor and Yale alumnus Thomas C. Israel has made a gift of $5 million to the School of Medicine. Israel, who says his family has long had a deep interest in medical science, placed no restrictions on the new gift, saying that confidence in the medical school’s leadership overruled any need to earmark the funds.

“If we trust the people and the institution we give money to, we...

Nearly a decade after the close of its last major fundraising campaign, Yale has launched “Yale Tomorrow,” a five-year drive to raise $3 billion, a major portion of which will be directed toward science and medicine. At the public launch of the campaign in September, President Richard C. Levin announced that donors had already committed $1.3 billion in gifts and pledges during the campaign’s quiet phase, which began...