Industry-Sponsored Research Week

Missouri U of Science and Technology lands $300M gift, largest in state history

By David Schwartz
Published: October 20th, 2020

Missouri University of Science and Technology has received a $300M donation, the largest single gift in the history of Missouri higher education, from St. Louis businessman and Missouri S&T alum Fred Kummer and his wife June. The gift will fund a foundation they created to support several initiatives at the university.

The Kummer Institute Foundation funding will support:

  • A new research and development entity modeled after other university-affiliated centers like the Lawrence Livermore National Laboratory and the Johns Hopkins Applied Physics Laboratory. It will be home to four new research centers — focused on infrastructure, advanced manufacturing, artificial intelligence and autonomous systems, and environmental and resource sustainability.
  • The Kummer School of Innovation, Entrepreneurship and Economic Development, a new school that will combine academic programs in business with new programs related to innovation and entrepreneurship for both undergrads a grad students.
  • Scholarships, fellowships and other support for high-achieving undergraduate and graduate students.
  • Expansion of the university’s online degree programs.
  • New research faculty positions.
  • Expansion and renovation of existing facilities along with construction of new buildings and labs.
  • Enhanced community outreach through student-community engagement, a lecture series, and a shuttle service between S&T and St. Louis to bring students from the metropolitan area to Rolla

“This gift is transformative for S&T, the Rolla region and our state,” said Dr. Mo Dehghani, Missouri S&T chancellor. “For nearly 150 years, Missouri S&T has been known as the state’s premier technological university. Now, thanks to June and Fred, S&T will have the opportunity to become one of the nation’s leading universities for innovation…. With this gift, we expect to be able to dramatically increase the size of our student body, recruit outstanding new faculty, establish powerful new centers of research, and engage with the community in new and exciting ways.”

Fred Kummer, 91, is the founder and chairman of St. Louis-based HBE Corp. a leading design-build firm for hospitals and healthcare facilities. He and his wife have been major donors to the university for decades. 

“I owe much of my success to the education I received at Rolla,” Mr. Kummer said. “My Rolla experience taught me how to think, how to work hard and how to manage my own career. June and I believe in the mission of this great university, and that’s why we have chosen to invest in S&T’s future success. We believe that Missouri S&T’s best days are ahead.”

Source: Forbes

Posted under: University-Industry Engagement Week

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