ROLLA- A St. Louis couple donated $300 million to a foundation that will support Missouri University of Science and Technology, according to a press release.
Fred Kummer and his wife June have been major donors to Missouri S&T for years.
The Kummers’ gift will be channeled into a new not-for-profit foundation, The Kummer Institute Foundation.
The donation is the largest single gift to a university in the state.
“This gift is transformative for S&T, the Rolla region and our state,” Dr. Mo Dehghani, Missouri S&T Chancellor, said.
The money will help the university establish a school of innovation and entrepreneurship, research, provide scholarships and help the Rolla economy.
“This gift will make our school a center for entrepreneurship, thereby energizing the economy of the Rolla area and the entire state of Missouri,” Dr. Dehghani said.
Kummer is the founder and chairman of St. Louis-based HBE Corp.
He established the company in 1960 and built it into the world’s leading design-build firm for health care.
“I owe much of my success to the education I received at Rolla,” Fred Kummer said.