The following comes from an April 19 Washington Post article by Nick Anderson:
Catholic University has received $47 million in gifts to support business education and other academic programs, a philanthropic bonanza for the school that includes a record donation from a California couple.
The $15 million donation to Catholic from the Busch Family Foundation will renovate an academic building, Maloney Hall, to house the university’s business school, according to an announcement Tuesday afternoon. That school, in turn, will be renamed the Tim and Steph Busch School of Business and Economics. Tim Busch, a businessman from Irvine, California, is a university trustee.
Another $32 million in gifts, from five donors, will support several related initiatives.
Among the five is the Charles Koch Foundation — the conservative political activist’s philanthropic organization — which pledged $10 million to the university. That matches the sum that Koch’s foundation pledged to George Mason University recently for its law school in Northern Virginia, which has been renamed the Antonin Scalia Law School in honor of the late Supreme Court justice.
The Busch gift is nearly double Catholic’s previous donation record — $8 million — a total reached twice previously, the university said.
Tim Busch, founder and chief executive of Pacific Hospitality Group and The Busch Firm, will soon wrap up a 12-year run on the university’s Board of Trustees.
The gifts announced Tuesday will fund the Maloney Hall renovation, academic programs in the business and economics school and a new Institute for Human Ecology. The latter unit takes its name for a concept that Pope Francis has promoted, encompassing the study of the relationships of human beings to one another and the world around them.
John Hardin, director of university relations for the Charles Koch Foundation, said the philanthropy based in Arlington, Virginia, has spread its gifts among hundreds of colleges and universities to support study of the relationship between freedom and prosperity. Charles Koch, 80, of Wichita, Kansas, is well known as a donor to conservative political causes. But the foundation’s higher education gifts are not tied to a political agenda, Hardin said.
Support for Catholic’s business school and the Institute for Human Ecology “fit right within our mission,” Hardin said.