FAIRBANKS (AP) -- Anchorage banker Elmer Rasmuson has donated $5 million to help expand the University of Alaska museum in Fairbanks.
It's the largest gift from an individual the university has ever received, according to university officials.
The university has been trying to raise $31 million to double the size of the museum. The gift from Rasmuson puts the museum just $6 million short of that goal.
Rasmuson has been a long-time supporter of museums, particularly the Anchorage Museum of History and Art.
He also has a long connection with the university, where he served on the Board of Regents from 1950 through 1969. He was board president for 16 of those years.
Rasmuson's family controlled National Bank of Alaska until this summer, when it was sold to Wells Fargo.
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