St. Edward’s University receives $20 million donation [View all]
Pat and Bill Munday of Austin have donated $20 million for scholarships to St. Edward’s University, the largest gift in the history of the private Catholic school.
The Mundays were already the university’s most generous donors, and the latest gift brings their contributions since 2003 to more than $36 million. Their previous donations included $13 million in 2011 for a library and learning center; the Munday Library is scheduled to open in the fall.
“Through their extraordinary generosity and commitment to providing young men and women educational opportunity, Bill and Pat Munday have made it possible for St. Edward’s to continue its mission of providing talented students access to higher education no matter what their financial circumstances,” George E. Martin, president of St. Edward’s, said in a statement.
The $20 million raises the university’s endowment to $76.8 million and will spin off scholarship awards worth about 25 percent of tuition to as many as 150 students a year, the university said.
More at http://www.statesman.com/news/news/st-edwards-receives-20-million-donation/nWPXt/ .
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