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Missouri S&T Announces 'Transformative' $300 Million Gift

A St. Louis businessman and his wife have donated $300 million to a foundation to support Missouri University of Science and Technology in what the university said is believed to be the largest single gift to a higher education institution in Missouri.

Missouri S&T announced the gift Monday from Fred and June Kummer. He is the founder and chairman of St. Louis-based HBE Corp., a design and build firm for health care. Kummer is a 1955 graduate. The university will use the gift to establish a new school of innovation and entrepreneurship, develop new areas for research, and provide scholarships and fellowships for students.

Chancellor Mo Dehghani called it “transformative.”

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