Hampden-Sydney College has received a gift of over $50 million—the largest single donation in the institution’s 250-year history—to establish a full-tuition, merit-based scholarship program.

The investment, from alumnus Rob Citrone and his wife, Cindy, will establish the Citrone Scholars Program, which will provide qualifying prospective students with four-year scholarships to the all-men’s liberal arts college in Virginia.

Rob Citrone, a 1987 graduate, went on to earn his M.B.A. at the University of Virginia and found Discovery Capital Management, a macro hedge fund. A current member of Hampden-Sydney’s Board of Trustees, he credited the college with shaping him as “a thinker, a leader, and a person,” noting the importance of giving back.

“The education I received here didn’t just prepare me for a career—it prepared me for life,” he said in a statement. “This College gave me the tools, the discipline, and the values that have guided me in every chapter since. Cindy and I believe deeply in Hampden-Sydney’s mission to form good men and good citizens, and we’re honored to help provide that same opportunity to the next generation … The Citrone Scholars Program ensures that future generations of talented young men will carry those values forward—with the education, support, and opportunity to lead lives of purpose and impact.”

Hampden-Sydney president Larry Stimpert thanked the Citrones for their continued generosity, citing previous gifts that supported student research and new academic and co-curricular programs, in addition to scholarships.

“The Citrones’ latest investment comes in a year when Hampden-Sydney is celebrating the 250th anniversary of its founding and the College’s remarkable legacy of forming good men and good citizens—the kind of leaders our world needs,” Stimpert said. “It puts additional momentum behind the College and ensures that Hampden-Sydney will enter its second quarter-millennium from a position of unprecedented strength.”