TERRE HAUTE, Ind. (AP) — One Indiana The State University graduate and his wife donated $8 million to the School of Western Indiana College of Technology, making it the largest individual donation in history of the UIS.
The donation from Steve Bailey and his wife, Gloria, was announced on Friday and will benefit the ISU College of Technology, which will now be called the Bailey College of Engineering and Technology, after approval by ISU trustees.
The funding will create scholarships, faculty fellowships, and a dean’s fund, with the goal of attracting more students and faculty.
“If you want to make a difference, you have to put your money where your heart is,” Steve Bailey said after Friday’s directors’ meeting, the Tribune-Star reported.
Bailey, who graduated from ISU in 1971 with a degree in automotive technology, went on to a successful five-decade career in the diesel parts and service industry. From 2014 until his retirement in 2019, he served as CEO of DieselUSA Group.
He said the donation will “continue the momentum of the College of Technology” and make a big difference in the future of ISU.
ISU President Deborah Curtis called the couple’s $8 million donation a “game changer” for the university. “It is life-changing for this institution, and it will absolutely be life-changing for students and their families for many years to come.”
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