Jimmy Iovine and Dr. Dre will donate $70 million to start an innovation center at USC. - 

Music moguls Jimmy Iovine and Dr. Dre announced a $70 million endowment to USC to start an academy for undergraduate students interested in marketing, entrepreneurship, computer science and engineering related to the music business.

The first class of the Iovine and Young Academy will enroll 25 students in 2014.

“The vision and generosity of Jimmy Iovine and Andre Young will profoundly influence the way all of us perceive and experience artistic media,” said USC President C. L. Max Nikias in a press release.

Iovine and Dr. Dre aren't alone in their gifts to universities. Check out our infographic below with other celeb gifts to educational institutions.