The gift includes $10 million to establish a permanent endowment in support of student scholarships; $10 million to enhance social work education in the field of addiction and in support of programs that equip students with skills in fundraising and philanthropy; and $5 million in matching funds to encourage additional gifts to the school. In recognition of the gift, believed to be one of the largest ever to a school of social work at a public university, the school will be renamed the Steve Hicks School of Social Work.
Hicks, who serves as vice chairman of the University of Texas System Board of Regents, is chair and CEO of THP Capstar, Inc. Previously, he served as CEO and president of Capstar Radio Broadcasting Partners, Inc. and as chair and CEO of Capstar Acquisition Corp. and Capstar Broadcasting Partners, Inc.
"Mr. Hicks knows that social workers provide critical services across the lifespan and across social and economic lines," said UT Austin School of Social Work dean Luis H. Zayas. "Thanks to his generosity, more individuals, regardless of socioeconomic background, will be able to respond to their social work calling with less concern about student debt and will have more freedom after graduating to pursue their passion for helping others and changing the world for the better."
(Photo credit: Marsha Miller)