Lin said his time at Harvard prepared him to be successful both on and off the court. He said he wanted to put the same opportunities within reach of other deserving students.
A three-time All-Ivy selection before graduating in 2010, Lin helped establish Harvard as a power in the academic-minded conference. The Crimson had never won an Ivy League basketball championship before winning or sharing five in a row from 2011-15.
The gym now known as Lavietes Pavilion was built in 1926 and originally held Harvard's indoor track and batting cages. It was refurbished in 1981. The current renovation is expected to be completed in time for the 2017-18 basketball season.
Lin was in Boston with the Nets to play the Celtics in the teams' NBA openers.