Part of the university's Lead by Example fundraising campaign, the gift will bolster a fund within the endowment used to attract top scholars from around the world to the institute. Established in 2010, the institute invites national academy and Nobel-caliber academic talent to the university, where they collaborate with faculty and students on innovative research, enrich the academic environment, and deliver public lectures that enhance the intellectual atmosphere of the community. In recognition of the two-part gift, which includes an immediate cash distribution and a planned estate gift component, the institute will be renamed the Hagler Institute for Advanced Study.
Hagler, who earned his MBA from Harvard University in 1963, is the founder of the investment firms Jennison Associates, LLC and Hagler, Mastrovita & Hewitt. He also served as treasurer and chief investment officer for the Ford Foundation before taking a position as a partner at Grantham, Mayo, Van Otterloo & Co., LLC. In 2015, Hagler received an honorary doctorate from Texas A&M's College of Education & Human Development, and he is the namesake of the Texas A&M Foundation's headquarters.
"The Hagler Institute for Advanced Study will continue to elevate the quality, impact, and reputation of Texas A&M on national and international playing fields," said the university’s president, Michael K. Young. "Jon's gift will ensure the permanency, stability, and future growth of this prestigious endeavor."