Baylor University in Waco, Texas, has announced a $5 million gift from alumnus William E. (Ed) Crenshaw (BBA '73) and his wife, Denise, to fund new faculty chairs and scholarships at the Hankamer School of Business.
The gift will endow two William E. Crenshaw Chairs at the school — both of which will receive matching funds through the Baylor Academic Challenge program — and endow a scholarship fund within the Baylor Student Foundation. The gift also will count toward the university's $1.1 billion fundraising campaign goal.
Ed Crenshaw retired in 2016 as CEO of Publix Super Markets, an employee-owned private supermarket chain based in Lakeland, Florida, and currently serves as the company's board chair. Longtime supporters of Baylor University, the Crenshaws made gifts to name the Ed Crenshaw Student Foundation Center in 2005 — establishing the Ed Crenshaw Endowed Student Foundation Scholarship and the Ed Crenshaw Endowed Scholarship Fund in the Hankamer School of Business — and the Ed and Denise Crenshaw Student Commons in 2013.
"My experience at Baylor had a profound impact on my life," said Crenshaw. "My hope and prayer is this gift will further strengthen the university in its quest to influence and shape future generations of business leaders."
(Image credit: Baylor University)