Colorado State University has announced gifts totaling $13 million from alumnus and energy entrepreneur Michael Smith in support of scholarships and campus construction projects.
The gifts include $5 million to create fifty full-tuition scholarships in the College of Business; $400,000 each to the Warner College of Natural Resources and the College of Natural Sciences to create scholarships in the departments of geosciences and chemistry; and $3.7 million for construction of the LEED-certified Michael Smith Natural Resources Building, which, when completed, will increase the capacity of and enhance collaborative research and policy at the college. In addition, a $3.5 million gift will establish the Michael & Iris Smith Alumni Center within the university's new stadium, which is under construction.
"I owe much of my success to the education I received at CSU and the combination of strong science and mathematics that enabled me to learn the oil and gas business," said Smith, whose involvement with CSU includes service as co-founder of the Development Council and support for CSU athletics. "My career has been built around the opportunity this country's energy business has spawned, and I hope my gifts help CSU to continue providing a premier education to generations of geologists, chemists, and business leaders."