Missouri University of Science and Technology in Rolla announced Monday it has received a gift of $300 million — which it says is the largest single donation to any college in the state.
The gift is from St. Louis businessman Fred Kummer and his wife, June, who are alumni of the school and longtime donors.
The money will start a foundation to support Missouri S&T, establish the Kummer Institute for Student Success, Research and Economic Development, as well as a new school of innovation and entrepreneurship. It also will develop new areas for research, provide numerous scholarships, and fellowships for high-achieving students, university officials said.
Some of the money will go toward expansion, renovation and construction of campus buildings. A new lecture series is to be established, and a shuttle service between S&T and St. Louis is planned to bring students from that metropolitan area to the campus.