Made through the Texas A&M Foundation, the largest gift ever to the business school will support a new Lowry Mays Entrepreneurial Leadership Academy program at the school's Center for New Ventures and Entrepreneurship; a proposed expansion of the school's Wehner Building and study-abroad programs; and other initiatives. To be disbursed over ten years, the gift will count toward the university's $4 billion capital campaign, which has raised more than $2.5 billion to date.
The pledge brings to $47 million Peggy and Lowry Mays' support for Texas A&M, which included a $15 million commitment in 1996 that led to the school's renaming. Lowry Mays, the founder of Clear Channel Communications, is a 1957 graduate of the business school and a former board chair of the university. The business school recently selected the couple as the inaugural recipients of the Peggy and Lowry Mays Impact Award, which honors those with a distinguished record of making an impact on the school through exemplary giving and strong leadership.
"Lowry Mays' engagement with Mays Business School has led to its rise among the top business schools in the nation," said Texas A&M University president Michael K. Young, "with specific impact in entrepreneurship and innovation thanks to his dynamism and commitment."