Edward P. Bass ’67 ARC ’72 will replace Roland Betts ’68 as Senior Fellow on the Yale Corporation, the University announced Monday morning.

A successor trustee of the Corporation since 2001, Bass will serve as the board’s leader for his two remaining years as a Corporation member. As Senior Fellow, Bass will work with University President Richard Levin to set the board’s agenda as well as preside over the board in Levin’s absence.

In a press release, Levin described Bass as “the most generous donor of his generation.” Bass’ donations founded the Yale Institute for Biospheric Studies and a Distinguished Visiting Environmental Scholars Program in his name. He is currently serving as a co-chair for the Yale Tomorrow fundraising campaign, which is set to end on June 30.

“Ed Bass is one of Yale’s most inspirational volunteer leaders,” Levin said. “All who love Yale should be delighted, as I am, that he is willing to serve as Senior Fellow for the last two years of his term on the Yale Corporation.”

Betts’ term as successor trustee ends after 12 years on the board and eight years as its Senior Fellow. Due to term limits, Bass will only be able to serve as Senior Fellow for two years.