UT McCombs School of Business, Cockrell School of Engineering receive $60 million donation
When President William Powers Jr. met James Mulva in 1969 while stationed with the U.S. Navy on Bahrain Island, neither man expected the friendship to last. Forty-five years later, their relationship is strong, and Mulva and his wife are donating $60 million to support both the McCombs School of Business and the Cockrell School of Engineering.
On Friday, the University announced James and Miriam Mulva will donate $60 million, which will primarily go toward the new Engineering Education and Research Center and two buildings in McCombs. In 2010, the Mulvas made a $15 million donation to fund the Liberal Arts Building, with a focus on providing resources to the University’s ROTC units.
“Our family has been blessed over the years, and the University has been important to us and to our family members,” Mulva said. “To the extent that we’re able, we’d like to support and give back to the University.”
Mulva, who received his bachelor’s and master’s degrees in business at the University, said $40 million of the new gift will be directed toward the McCombs undergraduate and graduate student buildings. The rest of the money will go toward the engineering center. According to Powers, the business buildings must be renovated to better suit modern teaching methods.
More at http://www.dailytexanonline.com/news/2014/01/23/mccombs-school-of-business-cockrell-school-of-engineering-receive-60-million .
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