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Missouri State University Endowment Grows with New Gifts


Missouri State University has received more than four point 65 million dollars in gifts from donors for scholarships, endowed chairs and facilities. KSMU's Missy Shelton reports.

Missouri State University has received more than four point 65 million dollars in gifts from donors for scholarships, endowed chairs and facilities.

University officials made the announcement at a press conference today.

Three million dollars will fund endowed chairs and professorships.

Missouri State University President Michael Nietzel says this will attract and retain top-notch faculty.

Nietzel has committed to funding the annual earnings payments so the gifts will immediately begin to benefit students and faculty.

He says as the pledges are fulfilled, the university will decrease and phase out the subsidy.

Among the gifts announced today is funding for scholarships, some are targeted to students from certain geographic areas in Southwest Missouri.

One of the scholarships emphasizes diversity.

That's being endowed by Jim Ferguson, a local business owner.

At today's press conference, he said he's long had a desire to help minorities.

University officials say they hope others will follow in the footsteps of these families and foundations that have given new resources to Missouri State.

Tom Strong is Vice President of the Missouri State University Foundation.

In addition to funding for scholarships and endowed chairs, this latest round of gifts includes funding for a basketball practice court and renovations to the president's office suite in Carrington Hall.