Jay Shidler donated $117 million to College of Business in cash and real estate ground leases after delivering the final installment of the $111 million gift he announced in 2014, according to a press release from the Shidler College of Business.
In total gifts, Shidler has donated $228 million to the college, making it the largest donation in the University's 110-year history and second-largest gift to any public university.
Shidler has donated 11 mainland commercial properties to UH. These donations will help further expand and improve the college. The funding could be used to make the College tuition-free within 40 years, according to the release.
"I credit the guidance of my professors and strong connections with classmates at the College with much of my success in the business world. The more students who have access to such an education, the better the business world, and ultimately, our community become,” Shidler said in the release.
The College has been able to use the gifts to fund scholarships for undergraduate and graduate students. In addition, the donations fund teams to compete in national and international business competitions and hire staff to support internship and job placements efforts.