Arkansas State University gets $10 million from alumnus

JONESBORO, Ark. (AP) - Arkansas State University is renaming its business college to honor an alumnus who donated $10 million to his alma mater.

The university announced the gift Tuesday from Neil Griffin, who lives in Kerrville, Texas. The 91-year-old World War II veteran graduated from Arkansas State in 1948 with a degree in business administration.

On Tuesday, ASU’s board of trustees voted unanimously to rename the business college the Neil Griffin College of Business.

According to The Jonesboro Sun , Griffin also committed a gift from his future estate. That, combined with the $10 million, is expected to be the largest individual gift in school history.

The university says the donation will primarily be used for new scholarships, professorships and enhanced funds for college operations.

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Information from: The Jonesboro Sun, http://www.jonesborosun.com