Texas State University-San Marcos has announced a $20 million pledge from Emmett and Miriam McCoy, the largest gift in its history.
The gift from the couple will fund endowed chairs and distinguished professorships, undergraduate and graduate scholarships and faculty, and student and program development at the school's College of Business Administration, which will be renamed the Emmett and Miriam McCoy College of Business Administration at Texas State. The college will move to a new home, to be called McCoy Hall, in the spring of 2006, and the university will name the 150-seat teaching theater in the facility after Dennis and Cindy McCoy. Dennis McCoy, the son of Emmett and Miriam, was killed in a plane crash in 1985.
Emmett McCoy is the retired chairman and chief executive officer of McCoy's Building Supply Centers. Founded in 1923, the San Marcos-based retail building supply chain employs more than two thousand people and operates eighty-six stores in Arkansas, Mississippi, New Mexico, Oklahoma and Texas.
"Emmett McCoy's business career was characterized by ethics, hard work and integrity," said Denise T. Smart, dean of the university's business school. "As a couple, Emmett and Miriam McCoy are known as people of generosity and principle. It is an honor to name our College of Business Administration for them. It is a name that will carry us forward, and one we accept with great pride."