Spotlight: University Gets Millions in Ingram Micro Stock

Martha R. Ingram, whose family owns a controlling stake in Santa Ana-based Ingram Micro Inc., made one of the largest higher-education gifts ever, putting 20 million company shares into a trust for Vanderbilt University and other beneficiaries. The trust earmarked at least 40% of its holdings for the benefit of Vanderbilt. At today’s market price, the stock placed in the trust would be worth $850 million. Stock of Ingram Micro fell 50 cents to close at $42.50 on the NYSE.