Koch Gives $11.25 Million To WSU

Wichita State University will receive an $11.5 million donation from Koch Industries and the Fred and Mary Koch Foundation.

The university said Tuesday the gift is the largest single-time donation in the school’s history.

The money will be divided in five ways: $4.5 million to expand and renovate the Charles Koch Arena and the Student Athlete Success Center; $3.75 million for a “Maker Space” in a new building for inventors and entrepreneurs; $1.54 million for Honors College scholarships; $1 million for student inventions; and $460,000 for moving expenses when the new Global Trading Center relocates to a new building.

The donation to the athletic department starts a fundraising project of about $15 million for athletics facilities.

Associated Press information from: The Wichita Eagle