Wichita State University has announced a $12 million gift from Wayne Woolsey and his wife, Kay.
The largest gift ever to Wichita State includes $10 million to build a new home for the W. Frank Barton School of Business and boosts to $21.5 million the total raised for the $50 million, 136,000-square-foot facility, with construction expected to begin in 2019. In recognition of the gift, the building will be named Wayne and Kay Woolsey Hall.
The remaining $2 million will support the Geology Department, including $1 million to endow the Woolsey Family Field Camp Scholarship, making field excursions more affordable for students, and $1 million to endow the Woolsey Family Support Fund for Petroleum Geology, which will be dedicated to strengthening petroleum geology education.
"I've been fortunate to find success in a field that I enjoy a great deal, and I view this gift as something that will help develop other successful entrepreneurs and business leaders," said Woolsey, founder and chair of Woolsey Companies, an oil and natural gas exploration and production company. "A great business school facility at Wichita State will strengthen our workforce and our economy, and that is worth investing in."
(Photo credit: Wichita State University)