Jay Shaw, a private equity firm founder, donated a $1 million gift to his alma mater, Colgate University, for a Wellness Initiative seeking to help undergrads "establish healthy behavior patterns that extend beyond their time at college." The initiative aims to change the university's culture.

"'We're going to be a campus that understand health and wellness, where it becomes acceptable to go for a walk, it becomes acceptable to ride your bike, it becomes acceptable not to smoke,' [Dr. Merrill] Miller said."

The initiative will also seek to identify kids considered to be "at risk" for things like substance abuse and depression, so they can get help quickly.

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