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The University of Chicago announced Wednesday that it would receive $100 million to create a research institute to study global conflicts. The gift from the Thomas L. Pearson and the Pearson Family Members Foundation is the second largest in the university's history.

The donation is "transformative," said Robert Zimmer, the university's president. "Importantly, the study of global conflicts is a field ripe for groundbreaking research approaches, and the Pearson Institute will seek to inform more effective policy solutions for resolving violent conflicts to make a lasting impact around the world," he said in a written statement.