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Missouri University Of Science And Technology Receives $300 Million Gift, The Largest In Missouri Higher Education History

Missouri University of Science and Technology(Missouri S and T) announced today that it had received a $300 million donation, the largest single gift in the history of Missouri higher education. St. Louis businessman and Missouri S and T alum Fred Kummer and his wife June are giving the money to a foundation they created that will support several initiatives at the university.

The Kummers’ gift will be administered by The Kummer Institute Foundation. Funds from the foundation will support several new initiatives at Missouri S&T, including:

  • A new research and development entity modeled after other university-affiliated centers like the Lawrence Livermore National Laboratory in Livermore, California and the Johns Hopkins Applied Physics Laboratory in Laurel, Maryland. The new organization will be the home to four new research
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‘Transformational’ $300M gift to Missouri S&T sets new record for MO higher ed giving

A St. Louis couple have donated $300 million to a foundation that will support Missouri University of Science and Technology, the largest single gift in the history of Missouri higher education.



a view of a city: The Missouri University of Science and Technology, known as Missouri S&T, announced the gift Monday.


© Missouri S&T
The Missouri University of Science and Technology, known as Missouri S&T, announced the gift Monday.

The gift from Fred Kummer, who graduated from the institution now known as Missouri S&T in 1955, and his wife June was announced Monday.

The record-setting donation will allow the university to establish a school of innovation and entrepreneurship, develop new areas for research, bolster the economic in Rolla and provide numerous scholarships and fellowships for students.

“This gift is transformative for S&T, the Rolla region and our state,” said Mo Dehghani, Missouri S&T chancellor, in a news release.

Missouri S&T was founded in 1870 as the Missouri School of Mines and Metallurgy. The 8,000-student campus in Rolla is part of

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shopping

Morgan Stanley’s Shopping Spree Sends Stock Markets Higher; Domino’s Gets Cooked

Stocks continued to press higher on Thursday, lifted by optimism among market participants. Investors seem convinced that the federal government will step in to bolster the U.S. economy and that everything will work out fine with the presidential election, the COVID-19 pandemic, and the rest of the long list of worries out there right now. Just before 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES:^DJI) was up 78 points to 28,382. The S&P 500 (SNPINDEX:^GSPC) picked up 19 points to 3,439, and the Nasdaq Composite (NASDAQINDEX:^IXIC) moved higher by 50 points to 11,415.

One of the big laggards in 2020 has been the financial sector, but that hasn’t stopped Morgan Stanley (NYSE:MS) from making a big play to expand its business this year, and its latest deal sent a prominent money manager’s stock soaring. Meanwhile, Domino’s Pizza (NYSE:DPZ) has been a favorite among consumer stocks, but its share price

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The Market Downturn has Left Shoppers More Price-Sensitive and Expectant of Higher Discounts this Holiday Shopping Season

While Black Friday and Cyber Monday remain the dominant shopping events of the year, fewer consumers plan to shop them in 2020 – many of those who do plan to shop will do so online and expect retailers to offset any increased shipping charges

The US Holiday Shopping Report conducted by Simon-Kucher & Partners, a global strategy and marketing consulting firm, and Dynata, an independent market research institute, revealed that Black Friday and Cyber Monday are still viewed by consumers as the best shopping events of the year for deals – 32 percent of consumers indicated they think Black Friday has the best shopping deals and 16 percent said they view Cyber Monday as the best opportunity for deals, compared to only 11 percent for Amazon Prime Day. The study, based on a representative sample of more than 1,000 consumers across the US, suggests that despite the confidence in Black

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$240 million gift to UMaine System ranks among largest ever to public institutes of higher ed

A $240 million gift to the University of Maine System is among the largest ever gifts to public institutes of higher education and will be used to invest in new facilities, scholarships and athletics over the next 12 years.

The funding is part of a $500 million investment announced by the Harold Alfond Foundation Tuesday that will provide grants of between $5 million and $240 million to expand science and technology education and workforce skills around Maine. The grants are the largest set of commitments the philanthropic organization has made in its 70-year history.

About half of the total Alfond donation will go to the U Maine System, which announced more details Wednesday on how the money will be spent. The gift is the 8th largest gift ever to a U.S. institute of public higher education and the largest ever in New England, according to a news release from the

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