show me the money
On the heels of its $1 billion fundraising campaign and a first look at its new medical school, the University of Houston announced the single largest gift in its history.
The $50 million donation was donated anonymously. The donor is said to be a CEO and a veteran with a history of giving back.
The gift challenges the university to raise $50 million to match it. It will be used for endowed professorships, specifically aimed at attracting top teaching talent to the university.
Chancellor Renu Khator called the gift transformational, and said it will allow the university to become globally competitive by attracting outstanding faculty.
The billion-dollar fundraising campaign will be concentrated in energy, medicine, and global engagement programs.
UH Regent Tillman Fertitta said he met the mystery donor.
"He's smart to remain anonymous," Fertitta said. "He can walk out of the door without strangers saying they have a project for him to consider."
For more on this story, including video, visit our content partner ABC13.