VCU receives gift to improve athletics program
March 04, 2013
Virginia Commonwealth University (VCU) in Richmond, Virginia, recently received a 10-year $3 million gift that will enhance its athletics programs. The funds, which were provided by MeadWestvaco Corporation (MWV), have been earmarked for a new basketball complex that centralizes sports activities. Once the building is constructed, it will house multiple programs including video study, academic advising, team meals, practices, individual skills and strength training.
"VCU is a vital and vibrant part of our Richmond community," said John Luke Jr., MWV chairman and chief executive office. "The success of VCU's basketball team has attracted national attention and raised the university's profile on the court and in the classroom."
In addition to the funding for VCU's athletics programs, MWV has also been a continual supporter of the school's academic divisions and research initiatives, according to VCU President Michael Rao.
This isn't the only funding VCU has received lately. The school was recently awarded $5 million from The Pauley Family Foundation, a gift that will be matched by the VCU Glasgow Endowment to improve recruiting and research work. Support from external organizations has helped VCU rise as one of the top 50 public research universities, Rao added.
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