South Dakota State University has announced a joint gift of $30 million from PREMIER Bankcard president and CEO Miles Beacom and his wife, Lisa, and Denny Sanford, owner of Sioux Falls-based First PREMIER Bank and PREMIER Bankcard.
The gift will fund construction of the Madison Cyber Labs, scholarships for students, and support for additional faculty and staff, and will leverage an additional $10 million from the state's Future Fund to support Dakota State University's cybersecurity education efforts. In addition, DSU has committed to leverage a further $20 million in support from federal sources as well as additional support from private donors. In recognition of the gift, the university will rename its Dakota State University College of Computing the Beacom College of Computer and Cyber Sciences.
"We are very grateful to Miles ('81) and Lisa, Denny, the governor, and all our donors and partners for their generosity," said Dakota State University president José-Marie Griffiths. "These transformative gifts mean we will rise from an already recognized leader in cybersecurity education to our nation's best."