360° Coverage : Indian American couple gifts $12 mn to US varsity

Indian American couple gifts $12 mn to US varsity

Washington, Oct 31 (IANS) An Indian-American entrepreneur couple has gifted $12 million to the University of Dallas, the single largest donation in the university's 57-year history, to fund construction of a new academic building.

Oct 31 2013, 9:42am CDT | by IANS

Indian American couple gifts $12 mn to US varsity
Photo Credit: , Getty Images

Washington, Oct 31 — An Indian-American entrepreneur couple has gifted $12 million to the University of Dallas, the single largest donation in the university's 57-year history, to fund construction of a new academic building.

The new building, slated to open in the autumn of 2015, will house the Satish & Yasmin Gupta College of Business named after the donors who are both graduates of the university's MBA programme.

"The University of Dallas inspired not only our careers, but our lives, and we hope this new College of Business will inspire business students who come to UD from all over the world," said Satish Gupta.

"Our dream is for the College of Business to become a global meeting ground for diversity and understanding among all cultures," said Yasmin Gupta.

"We hope it empowers students to become leaders who go forth into the world and build stronger communities."

"We are indebted to the University of Dallas," Gupta told Dallas News. "This was a new home for us. It was a tremendous moment in our life coming from India to a different country. But the university embraced us so well. My wife and I have wonderful memories attached to the university."

In 1981, while still a business graduate student at the university, Satish Gupta founded SB International, Inc., a privately-held global steel company headquartered in Dallas. Gupta serves as president and CEO of the company, and his wife is executive vice president.

"The Guptas set a tremendous example for our business students both in the drive and ingenuity they personify as entrepreneurs, and in their commitment to philanthropy and social responsibility," said university president Thomas W. Keefe.

The Guptas, who live in Dallas, are involved in various business and community efforts across North Texas, particularly among the Indian community. Satish Gupta started the area's popular Diwali event to celebrate the Indian festival of lights.

IANS

Source: IANS

 
 
 

blog comments powered by Disqus

Latest stories

School headmaster shot dead in Pakistan
Islamabad, Dec 4 (IANS) Unidentified gunmen Thursday killed the headmaster of a private school in Pakistan's Balochistan province.
 
 
Four more bodies recovered from sunken South Korean ship
Seoul, Dec 4 (IANS) Four more bodies were recovered Thursday from a sunken South Korean fishing ship in the Bering Sea, the foreign ministry here said.
 
 
Lesbian couple asked to desist in London restaurant
London, Dec 4 (IANS) A lesbian couple in a London restaurant was asked to desist by a staff member, who asked them to "stop what you are doing".
 
 
Oxford Dictionaries to add 1,000 new words
London, Dec 4 (IANS) 'Mamil' (middle-aged man in Lycra), 'silvertail' (a person who is socially prominent or who displays social aspirations) and 'crony capitalism' are among the 1,000 new words to be added to OxfordDictionaries.com, the free online dictionary, in its largest quarterly update so far.