BALTIMORE (AP) - William Polk Carey, who founded a New York-based investment management firm bearing his name and donated millions of dollars to help found business schools at universities in Maryland and Arizona, has died at 81.

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The W.P. Carey Foundation says the Baltimore native died Monday at a West Palm Beach, Florida, hospital. It says the founder and chairman of investment firm W.P. Carey & Co., also established that philanthropic foundation in 1988.

The Baltimore Sun reports Carey gave $30 million in April to the University of Maryland Law School, since renamed in his honor. He also made a $50 million bequest in 2006 to Johns Hopkins University to found the Carey School of Business. He also gave $50 million to Arizona State University to found its business school.