Posted on Monday, January 27, 2014
The Mulva Family Foundation has made a $60 million multiyear pledge to The University of Texas at Austin to support the McCombs School of Business and the Cockrell School of Engineering, one of the largest gifts in the school's history.
The Mulvas have a long history of supporting the university and stand among UT Austin's greatest supporters in its 131-year history and among Texas’ top proponents of education. The Mulvas’ deep commitment to the university and to these projects led them to this pledge. Payments during the early years will support the Engineering Education and Research Center (EERC) construction, with subsequent payments going toward the McCombs project after it has been fully approved. This will allow the projects to move forward quickly and enable the university to rely on yearly support to sustain them.
"The University of Texas has been very important to our family. Accordingly, it is also important that we give back and assist in the growth and development of this premier institution," said Jim Mulva.