The University of Texas at El Paso received $25 million and named its college of business the Woody L. Hunt College of Business Thursday morning.
The largest gift in the university’s history endowed by the Woody and Gayle Hunt Family Foundation will fund initiatives in teaching and research on trade and commerce between the United States and Mexico for the newly named building.
“Mexico is America’s second-largest trading partner, and 20% of US trade with Mexico flows through El Paso,” said UTEP President Heather Wilson. “This generous gift from the Hunt family will make the Woody L. Hunt College of Business the place to study and research trade and business between our countries. This is a transformational gift that will impact this region for decades to come.”
The gift will create two distinguished chairs, a new distinguished professorship and multiple endowed fellowships, and provide funding for academic, research and professional development initiatives within the college of business.
The gift will also create scholarship and experiential learning opportunities for students pursuing a business degree at UTEP – one of the few business schools along the US-Mexico border.
The story is developing. Check back for updates.