University of Louisville Receives $12.6 Million for Jazz, Athletics

University of Louisville Receives $12.6 Million for Jazz, Athletics

The University of Louisville has announced a $12.6 million gift from retired pilot and investor Max Baumgardner in support of the arts and athletics.

Half the gift will be used to establish the Max Baumgardner Endowed Fund for Excellence in Jazz Studies at the School of Music, which will support endowed faculty positions, student scholarships, and additional programming. The remaining $6.3 million will go to the U of L Athletics department to support a new academic resource center and programs supporting student athletes.

"This gift will preserve the jazz studies program and ensure that it remains the premiere program of its kind in the state for the foreseeable future," said School of Music dean Christopher Doane. "Not many university programs have support to this degree and we are exceedingly grateful to Max as our benefactor for recognizing the value of jazz studies and the significance of supporting the arts."

"Largest Music School Gift in History Will Support Jazz Studies." University of Louisville Press Release 01/20/2015.