AUSTIN (KXAN) – The Mulva Family Foundation made a $60 million multi-year pledge to the University of Texas at Austin to support the McCombs School of Business and the Cockrell School of Engineering.
The Houston-based foundation’s donation is one of the largest cash pledges made during the course of the Campaign for Texas, an eight-year, $3 billion fundraising effort that ends in September of this year. The Mulvas have a long history of supporting the university. Their first payments will support the Engineering Education and Research Center construction with subsequent payments going towards the McCombs project after it has been fully approved. The Engineering Center will feature a James J. and Miriam B. Mulva Conference Center and Auditorium when it’s completed in 2017. The graduate school of business and college of business administration buildings will be renamed the James J. and Miriam B. Mulva Hall.
Jim Mulva earned a bachelor’s in business administration from UT Austin in 1968 and an MBA in 1969. The Mulva’s have previously donated $15 million to build the Liberal Arts Building on the East Mall.