WashU announces donation from Square co-founder to grow engineering school

TechCrunch | 1/31/2019 | Staff
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Washington University in St. Louis (WashU) announced today that its engineering school received its largest single donation in history. The donation was offered by Square co-founder and WashU alumni Jim McKelvey, for whom the school will be renamed, from the School of Engineering & Applied Science to The James McKelvey School of Engineering.

WashU did not disclose the donated amount and historically does not disclose financial information.

McKelvey - Ties - Alma - Mater - McKelvey

McKelvey has deep ties to his alma mater. McKelvey’s father, Jim McKelvey Sr., was a professor at the WashU School of Engineering for 23 years, before serving as its dean for an additional 27 years. In 2017, McKelvey donated $15 million for a new engineering building that will bear his father’s name. The serial entrepreneur is determined to improve the reach of the school to which he attributes much of his success – since it was there where he first fell in love with computer science.

“This is such a fantastic place to study,” McKelvey told TechCrunch regarding his time as an undergraduate. “At the time, I had no plans to be an engineer. I came in as an economics major and then discovered the engineering school.”

WashU - Research - Universities - Country - Engineering

WashU is already one of the top private research universities in the country and its engineering school – which provides 40 different degree programs led by roughly 230 professors — represents the university’s second largest concentration of undergraduate enrollment. STEM majors and careers have continued to grow more popular – yet the supply of education and talent hasn’t kept up. The fight for talent in the Valley remains harder than ever and by 2020, the number of unfilled computing jobs is expected to reach one million. With the incremental capital and its connection to major McKelvey leaders like McKelvey, WashU hopes the donation can help the school satisfy the demand...
(Excerpt) Read more at: TechCrunch
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