Take the ten million. Hire a professor. Have a class.
Then spend the rest on equipment that can be shared among various other departments.
Other depratments at Yale means other buildings, they even have a whole bunch of separate little colleges, several buildings on a block around a common courtyard kind of area with buildings and big-ass walls around them. Very pretty when it' snot the dead of winter, but the neighborhood sucks with hoodrats and ghetto vermin nary blocks away.