MSU Gets $10 Million Dollar Gift
Michigan State University (MSU) athletics is getting the largest single gift ever received by the school.
According to the University's website, alumnae Bob and Julie Skandalaris are providing a $10 million facilities gift that enhances the Spartan football, golf and basketball programs, while providing momentum for MSU's universitywide capital campaign.
MSU says part of the gift, $3 million, will be used to renovate and make improvements to the training and locker rooms in the Skandalaris Football Center, named in honor of Bob and Julie after their lead gift helped construct the facility in 2008.
An additional $4 million has been designated for capital improvements in support of the basketball program as the Breslin Center is renovated.
The remaining $3 million will support construction of a new MSU golf facility.
Bob Skandalaris, a 1974 graduate of the MSU Broad College of Business, has founded and served as CEO of several private and public companies, including the world's largest supplier of laser-weld blanks, with 3,500 employees in 15 countries. He also established Quantum Ventures of Michigan, a family office that specializes in the acquisition and development of middle-market firms.