The institute, which will be based in Portland at the former Concordia University campus, was made possible by a $425M gift from Connie and Steve Ballmer.

The University of Oregon intends to purchase the former Concordia University campus in Northeast Portland to house an ambitious new children’s behavioral health institute funded by a $425 million gift from Oregon alum Connie Ballmer and her husband, former Microsoft CEO Steve Ballmer.

The University of Oregon announced today that it had received a historic $425 million gift from philanthropists Connie and Steve Ballmer, co-founders of the Ballmer Group.

The University of Oregon on Tuesday launched the Ballmer Institute for Children’s Behavioral Health on Tuesday, with a gift of more than $425 million from Connie and Steve Ballmer, an early Microsoft employee who served as CEO from 2000 to 2014.