Utah State University has announced a $50 million gift from the Huntsman and Charles Koch foundations for an expansion of the Huntsman Scholar Program and to launch an economic research center at the Jon M. Huntsman School of Business.
The largest gift in the university's history will bolster the Huntsman Scholar Program, which brings together outstanding students with leading educators for a rigorous, undergraduate business education program. The four-year curricular and co-curricular experience is focused on academic discipline and providing a strong understanding of financial markets and the nature of business enterprise.
The gift from the two foundations also will be used to create the Center for Growth and Opportunity, which will work to advance scientific understanding of the interaction between individuals, business, and government and develop solutions to important problems through economic research and student engagement, as well as scholarships and fellowships. Combined, the new ventures are expected to create meaningful experiences for nearly five hundred students a year.
"This gift will be transformational for the Huntsman School, and I am grateful for the direct benefits it will provide for our students," said USU president Noelle Cockett. "It represents a tremendous expansion of opportunities for students through direct scholarships and enhanced program offerings."