Indiana University has announced a $20 million gift from Conrad T. Prebys in support of undergraduate scholarships, endowments for faculty positions in the Kelley School of Business, and to help fund the creation of a career services center and an outdoor amphitheater for musical and theatrical productions.
Prebys' gift will be used to attract and retain business school faculty through the Conrad Prebys Endowed Faculty Program, which will fund four professorships and a chair. The gift also will be used to create the Prebys Scholars Program, which will benefit more than thirty high-performing undergraduates from underrepresented populations; underwrite a new career services center; and fund the creation of a new amphitheater that hosts performances by visiting artists and students affiliated with the Jacobs School of Music and the Department of Theatre, Drama and Contemporary Dance.
A native of South Bend, Indiana, Prebys earned a bachelor of science in general management from what is now the Kelley School in 1955. The president of Progress Construction and Management today owns more than eighty apartment complexes and self-storage locations in San Diego, where he has provided numerous gifts in support of medical research, education, and the arts.
"We are extremely grateful to Conrad Prebys for his remarkable generosity and his commitment to preparing our students for highly successful careers in business and the arts," said IU president Michael A. McRobbie. "His wonderful donation will enable us to enhance career placement activities at the Kelley School of Business that corporate recruiters already rank number one in the nation and provide our student artists and performers with a new type of performance venue in which to showcase their outstanding talents."