TUSKEGEE, Ala. - (July 27, 2006) - Tuskegee University has received a $1 million gift from the Praxair Foundation that will go toward the construction of the University's $14 million state-of-the-art facility that will house the College of Business and Information Science.
"We are heartened by this magnificent gift and Praxair's interest in assisting us to advance the University's mission helping to create the nation's leaders of today and tomorrow," said University President Benjamin F. Payton. "We've received many contributions for which we are grateful, but Praxair is the first to present us with the total $1 million gift in a single payment."
In March, the University broke ground for the new Andrew F. Brimmer College of Business and Information Science, which is scheduled for completion in 2007. The 45,000-square-foot-facility will be complete with classrooms, laboratories, an auditorium, the Praxair Student Lounge and rooms that bear the names of other major donors.
Praxair, a global Fortune 300 company based in Danbury, Conn., supplies atmospheric, process and specialty gases, high-performance coatings and related services and technologies.
The new business school has also received funding from alumni and other Fortune 500 firms including Procter & Gamble, 3M and the Ford Motor Fund, each of which has contributed $1 million or more toward construction of the new facility.
The College of Business and Information Science is named after noted economist Andrew F. Brimmer, who served on the Federal Reserve's Board of Governors from 1966 to 1974 and on the Harvard Business School's faculty. He currently serves as president of Brimmer & Company, a financial consulting firm based in Washington, D.C., and is Tuskegee University's first African-American chairman of the Board of Trustees.