Part of Aetna’s gift, which will be combined with $1.3 million in state matching funds, will endow the Aetna Chair in Financial Services.
The rest will fund the creation of the Aetna Center for Financial Services. The center will research long-term savings, investment, and income management, and will seek to inform public debate on those topics.
The center will also create a financial services database that will be available to academic and corporate subscribers.
Aetna’s donation is one of the leadership gifts in the university’s capital campaign, which will be announced next year.
As part of the UCONN 2000 program, the Connecticut state legislature has agreed to give $1 for every $2 raised by the university from private sources.