- Associated Press - Wednesday, July 13, 2016

EAST LANSING, Mich. (AP) - Michigan State University’s Institute for Entrepreneurship and Innovation is getting a $4.5 million boost from businessman Robert “Bob” K. Burgess.

The gift for the institute, which is part of the East Lansing school’s Eli Broad College of Business, was announced Wednesday.

Burgess made a $2 million gift to the institute in 2005 which, in honor of his gift and service, will be renamed the Burgess Institute for Entrepreneurship and Innovation. The institute in part seeks to advance research on entrepreneurship, venture capital and private equity.

Burgess earned a bachelor of science degree in packaging from Michigan State in 1966. He’s currently a managing partner with Glengarry Partners. He also serves as a university adviser. The gift is a combination of $3 million in cash and a $1.5 million estate gift.

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