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UNLV Receives Major Gift from Las Vegas Family | Education & Schools

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UNLV Receives Major Gift from Las Vegas Family
UNLV Receives Major Gift from Las Vegas Family

UNLV has received major help from a southern Nevada family.

Ted and Doris Lee and their family donated $15 million to the university’s business school. Starting Thursday, The College of Business will now be known as the Lee Business School. UNLV President Neal Smatresk says the gift could not have come at a better time.

“We really needed a turnaround because some of the cuts have been pretty tough, and a $15 million gift signals the beginning of a new era for UNLV. We are growing. Our quality brand is going to improve, and this gift is going to make all of the difference in the world for the College of Business because it brings in terrific people, and it supports our students.” Smatresk said.

The money will pay for 10 endowed professors, a traveling professorship and a lecture series. The funding will also pay for $2.5 million in scholarships.

“In this economy, in this environment, every dollar really, really counts. But I think even more than the $15 million, quite honestly, is the honor and the credibility that comes with the Lee family name. They are making an investment in us. They are wise investors, and we promise to be great stewards of that investment,” Paul Jarley, Dean of Lee Business School said.

The school will see an impact from the funding immediately; the next academic year seven new professors will be hired. UNLV lost six business professors to retirement this year.