gift

St. Louis businessman Fred Kummer makes $300M gift to university

The Kummers’ new gift will be used to establish a school of innovation and entrepreneurship

Missouri University of Science and Technology in Rolla has received a $300 million donation from a St. Louis businessman and his wife that’s the state’s largest-ever gift in higher education.

Fred Kummer, the founder and chairman of St. Louis-based HBE Corp., and his wife, June, made the gift to a new nonprofit, the Kummer Institute Foundation, to support Missouri S&T, the university announced Monday.

The Kummers’ new gift will be used to establish a school of innovation and entrepreneurship, develop new areas for research, provide scholarships and fellowships for students, and bolster the Rolla region’s economy, officials said.

Fred Kummer, 91, built HBE, which he started in 1960, into a leading design-build firm for health care, officials said. He graduated with a degree in civil engineering from Missouri S&T, then known as the Missouri School

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