New Delhi, Jan. 28 -- The University of California, Davis has received a $120 million donation from former Citigroup CEO Sandy Weill and his wife, Joan, marking one of the largest gifts ever made to a veterinary school.

It reportedly honours an institution that previously treated their ill dog and will help fund a major campus expansion, advance comparative medicine research that examines health and disease across species, and strengthen studies into illnesses such as cancer, neurological disorders, and heart disease.

In recognition of the donation, the university announced Wednesday that the school will be renamed the UC Davis Weill School of Veterinary Medicine, according to Bloomberg.

About $80 million of the Weills' donation will g...