MADISON, S.D. (AP) — Two philanthropists have given Dakota State University $5 million for an information technology center.

The money from T. Denny Sanford and DSU alumnus Miles Beacom is the largest donation in school history.

Sanford is the founder of First Premier Bank, and Beacom is the founder of the bank's credit card business. Their money will be used to help buy and renovate the current Madison Community Hospital building when a new hospital opens in 2015.

The hospital separates the two sections of the Dakota State campus in Madison. It will be transformed into the Beacom Institute of Technology. It could include a facility that would help students pursue careers in cyber security.

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