Carnegie Mellon U. Gets $55-Million; Other Gifts

• Carnegie Mellon University’s Graduate School of Industrial Administration, in Pittsburgh, has received $55-million from Marlene Tepper, and her husband, David. Mr. Tepper is president and founder of Appaloosa Management, a hedge fund in Chatham, N.J., and a 1982 graduate of the university. Most of the money — $50-million — will augment the business school’s endowment, and the remaining $5-million will support faculty members and academic programs for students and alumni.
• The Burton D. Morgan Foundation and the Margaret Clark Morgan Foundation, both in Akron, Ohio, have each received large gifts from the estate of Burton D. Morgan. Mr. Morgan, the founder of Morgan Adhesives, died in March 2003. The Burton D. Morgan Foundation, which supports programs in education, free enterprise, and mental-health awareness, has already received $35-million, and will receive an additional $15-million to $20-million when the estate is settled. The foundation named after his wife, which supports arts, education, and mental-health programs, has received $50-million and expects to receive more when the estate is settled.
• Texas Lutheran University, in Seguin, has received an unrestricted bequest valued at $21.1-million from the estate of John A. Jackson, of Dallas, a retired oil and gas executive who died in March 2003. The gift will support academic programs, endowment, faculty members, financial aid, and scholarships. Mr. Jackson’s wife, Katie, who died in 2001, served on the university’s Board of Regents for 20 years.
• Valeria Symington, a farmer who died in Leesburg, Va., in August 2003 at age 87, has left approximately $19.5-million to five organizations. Temple Hall Farm, the Oatlands Plantation, the Ida Lee Recreation Center, Loudoun Country Day School, and the Rust Library, all located in Leesburg, will each receive $2.5-million in August. The residual trust of her estate, which is valued at approximately $7-million, will be settled within the next several years. The farm, library, and recreation center will each receive 25 percent of the settled trust, and the other two groups will receive 12.5 percent of it. Half of the gift to Temple Hall Farm is earmarked for its endowment, while the other half is designated for facility improvements. The other groups were encouraged by Ms. Symington to use the funds for facility improvement, but have not yet decided exactly what projects their gifts will support.

Other recent gifts:

Ithaca College (N.Y.): $7-million from Dorothy Park, of Ithaca, president of the Park Foundation, for the School of Business. Mrs. Park’s late husband, Roy, founded Park Communications, in Ithaca, and served as chairman of the college’s Board of Trustees for many years.

Purdue U. (West Lafayette, Ind.): $5-million deferred gift from Patti Rueff, an event-planning consultant, and her husband, Rusty, executive vice president of human resources at Electronic Arts (Redwood City, Calif.), for the School of Liberal Arts. Mr. Rueff earned a bachelor’s degree in 1984 and a master’s degree in 1986 from the university.

U. of Texas Southwestern Medical Center (Dallas): $1,335,000 bequest from Cecil Green, co-founder of Texas Instruments, in Dallas, to endow a fund for students of biomedical computational science.

Helen Woodward Animal Center (Rancho Santa Fe, Calif.): $1-million bequest from Joan B. Kroc, wife of Ray A. Kroc, founder of the McDonald’s Corporation (Oak Brook, Ill.), for endowment and program support.