Kansas State University has announced a $20 million gift from alumnus Paul Edgerley and his wife, Sandra.
The gift will support the goals outlined in the College of Business Administration's recently adopted five-year strategic plan, which include the construction and maintenance of world-class learning facilities, additional scholarships and transformational educational experiences for students, and faculty and staff support. The gift also will support the creation of a Digital Learning Repository and a Center for Financial Analysis and will help drive the college's initiatives in the areas of corporate engagement, student recruitment, data-driven decision making, and marketing.
To realize the full benefits of the plan, the college is working to double its endowment from $50 million to $100 million by 2021; with the Edgerley gift, it is nearly halfway to its goal. The larger endowment will enable the college to boost its four-year graduation rate, increase its enrollment by five hundred students as well as the number of students participating in internships, and boost the number of job offers received by its graduates, among other goals.
"Sandy and I are great believers in the importance of the business college strategic plan and see this as a unique opportunity to give back to the university that has had such a profound impact on my life," said Edgerley, who graduated with an accounting degree in 1978. "We believe funding the college strategy will continue to transform the business college, ensuring K-State business students get a differential education, find great jobs, and ultimately have successful and meaningful lives and careers."
"Paul and Sandra Edgerley exemplify the generosity of the K-State family," said the university's president, Richard Myers. "Their investment in the success of College of Business faculty, students, and programs not only elevates the college but brings prestige to the university and helps propel K-State toward being nationally recognized as a top fifty public research university."