Koch Gives $11.25 Million to Wichita State

By Associated Press

Published December 16, 2014 at 5:02 PM CST

WICHITA, Kan. (AP) — Wichita State University will receive an $11.5 million donation from Koch Industries and the Fred and Mary Koch Foundation. The university said Tuesday the gift is the largest single-time donation in the school's history. The Wichita Eagle reports that the money will be divided in five ways: $4.5 million to expand and renovate the Charles Koch Arena and the Student Athlete Success Center; $3.75 million for a "Maker Space" in a new building for inventors and entrepreneurs; $1.54 million for Honors College scholarships; $1 million for student inventions; and $460,000 for moving expenses when the new Global Trading Center relocates to a new building. The donation to the athletic department starts a fundraising project of about $15 million for athletics facilities.

Tags

Associated Press

The AP is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.

See stories by Associated Press