West Virginia University Receives $10 Million for Business School

West Virginia University Receives $10 Million for Business School

West Virginia University in Morgantown has announced a $10 million gift from alumnus Bob Reynolds and his wife, Laura, in support of a new building for and programming in its College of Business and Economics.

Made as part of the university's A State of Minds campaign, which Bob Reynolds co-chairs, the gift will provide partial funding for construction of a building in a new business school complex along the Monongahela River, as well as support for other academic components of a business education. In recognition of the gift, the new building will be named for the Reynoldses.

A 1974 graduate of WVU's business school and a member of the WVU Foundation board of directors, Reynolds is president and CEO of three multinational companies: Putnam Investments, Great-West Financial, and Great-West Lifeco U.S., Inc. Longtime supporters of WVU, Bob and Laura Reynolds have made gifts in support of scholarships, renovations to and an academic performance center for student athletes at Milan Puskar Stadium, an indoor basketball practice facility, and a student-managed investment fund at the college. In 2013, the foundation awarded the couple its Outstanding Philanthropists Award. They also are members of the Woodburn Circle Society, the foundation’s most prestigious philanthropic society.

"I am a firm believer that you cannot have a great university without a great business school," said WVU president Gordon Gee. "This generous gift by Bob and Laura will not only help construct a new building in their name, but will also help launch our plans to build a new College of Business and Economics complex."