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Entries in Montana State University (11)

Friday
Oct142011

MSU receives $25-million grant

Jake Jabs talks with MSU students Thursday- MSU photo by Parker Hilton(BOZEMAN)- It’s being called the largest private gift in the history of the Montana higher education system.

Montana State University alumnus and retail furniture Jake Jabs is giving an “unrestricted $25-million” gift to MSU’s College of Business.

The news was announced this morning by MSU administrators.

Jabs grew up on a farm near Lodge Grass, in a home with no indoor plumbing, electricity or running water. But though a life of hard work built on his education from MSU, he’s now president and CEO of the very successful American Furniture Warehouse chain, which is based in Denver.

"Thanks to his generosity, Mr. Jabs' visionary gift will benefit generations of students to come," said MSU President Waded Cruzado. "On behalf of all of us at MSU, I would like to offer Mr. Jabs our most sincere and heartfelt thanks and appreciation."

As part of a comprehensive strategic plan for the College of Business, Cruzado said she will seek approval from the Montana Board of Regents and the Montana Legislature to construct a new building for the College of Business on the campus of Montana State in Bozeman.

"Mr. Jabs' gift provides us with the necessary financial strength and flexibility to begin to advance our College of Business," Cruzado said. "A new building is a necessary first step. We have a bold plan for the future of the College of Business - for it to be one of the best in the nation - and Mr. Jabs' gift will get us started. We hope others will join us in building the best program possible for our students and the state. Imagine what we can do together."

If approved, ground could be broken on the estimated $18 million to $20 million building in the spring of 2013 with completion in 2015.

The gift will also be used for new scholarships and new academic programs in: entrepreneurship, professional skills development and fostering cooperative work between business students and students in other disciplines, such as engineering, the sciences, agriculture, graphic arts and the humanities. 

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