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$20 Million Gift For St. Edwards

nikkorsnapper/Flickr http://www.flickr.com/photos/pitmanra/

St. Edwards Universityhas received the largest single-gift in its history. Austinites Pat and Bill Munday gave a cash gift of $20 million dollars to the Catholic university. The money will be used to provide scholarships for up to 150 students per year. 

“Every nickel I’ve ever given to Saint Edward’s has been used wisely," Bill Munday said ina news release. In 2011, the Mundays donated $13 million for a new library at Saint Edwards. Until today, that had been the largest single gift ever donated to Saint Edwards. 

Today's cash injection inflates Saint Edwards' endowment by 38 percent, bringing it to almost $78 million. 

Nathan Bernier is the transportation reporter at KUT. He covers the big projects that are reshaping how we get around Austin, like the I-35 overhaul, the airport's rapid growth and the multibillion dollar transit expansion Project Connect. He also focuses on the daily changes that affect how we walk, bike and drive around the city. Got a tip? Email him at nbernier@kut.org. Follow him on Twitter @KUTnathan.
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