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Anonymous $9 Million Gift to Provide Scholarships


April 23, 2009

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Foundation President Dr. Ed Davis talks with WTAW about the $9 million gift for scholarships at Mays Business School.
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The Texas A&M Foundation has received a $9 million bequest from a generous former student and spouse who wish to remain anonymous. When realized, these funds will provide hundreds of undergraduate scholarships for students in the Mays Business

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School. This is one of the largest individual gifts in the history of Mays Business School and is the single biggest commitment to date in Texas A&M University’s “Operation Spirit and Mind” scholarship initiative, the goal of which is to raise $300 million to fund new endowed scholarships and graduate fellowships.

“We are tremendously grateful for this most generous commitment, which will touch the lives of so many Aggies,” said Mays Dean Jerry Strawser. “In these trying economic times, it is wonderful to see one of our former students committing to providing educational opportunities for the next generation of business leaders. This gift takes the ‘Aggie Miracle,’ which is the process through which current students receive an opportunity because of the generosity of former students, to an unprecedented level.”

Mays Business School currently enrolls more than 4,000 undergraduate students across five disciplines and seven majors. In 2008, 456 of that 4,000 (about 11 percent) received scholarship assistance through Mays. Thanks to this anonymous gift, a much greater percentage of Mays students will find the road to academic success a little less bumpy, the way having been paved for them by the generosity of a former student.

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The donors made a provision for the scholarships in their will through the Texas A&M Foundation. Once realized, the Foundation will invest the $9 million in an endowment so that it provides scholarship funds for Mays Business students in perpetuity.

They expressed their reason for this extraordinary gift: “We have been fortunate and blessed, and giving back to people and places that have helped along the way is one of the great joys in life. Texas A&M University and Mays Business School are responsible for a great deal of our blessings, and we want to help other future Aggies have that same benefit.”

By Chrystal Houston, Mays Business School

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