Saint Louis University has announced a $50 million gift from Dr. Jeanne and Rex Sinquefield.
The largest gift in the university's two-hundred-year history will establish a new research institute that will serve as the focal point of the university's efforts to increase the scale and scope of its research and scholarship. To that end, the institute will recruit faculty research leaders who have a strong track record and the potential for future funding; award planning grants to faculty in support of multidisciplinary research projects that build on SLU's existing strengths and have the potential to achieve significant impact; and launch a research growth fund to finance the purchase of equipment and technology that are critical to conducting and advancing leading-edge research.
The gift also will fund the creation of the Sinquefield Center for Applied Economic Research within the Richard A. Chaifetz School of Business, a guest lecture series, and a director position for the center, and provide annual support to SLU's chess team, including student scholarships and player travel to tournaments.
"Saint Louis University was instrumental to my success in life," said Rex Sinquefield, an SLU alumnus and trustee who co-founded Dimensional Fund Advisors, where Jeanne oversaw the trading department and served as executive vice president. "I want generations of Saint Louis University students to enjoy the same opportunity that I had. Jeanne and I are fortunate and happy to give this gift to my alma mater. We know it will help propel Saint Louis University and its students to higher levels of excellence in scholarship and research."
(Photo credit: Saint Louis University)