Tom and Betty Scott are not new to giving gifts to MU. The Kansas City couple contributed more than $2 million and a professorship endowment to the School of Veterinary Medicine in Jan. 2007. In 1999, they funded the business school’s Tom and Betty Scott CEO Forum.
Their most recent gift of $2.5 million for the College of Business was announced on March 1.
The couple’s gift contributes to the school’s $70 million departmental goal in the For All We Call Mizzou campaign. The College of Business reported raising more than $64 million in gifts, pledges and other funds between 2001 and Jan. 31, 2007.
Gifts to the business school in 2006 totaled $7,376,960, including two individual contributions of more than $1 million.
The Scotts’ gift will be used toward advancing the school’s 11 strategic priorities. The money will also help establish the Tom and Betty Scott Distinguished Professorship in Risk Management, which creates a new faculty position for risk management teaching and research.
The College of Business still needs more than $5 million to match their goal. The goal is part of a plan to move the college into the top 20 business schools in the country.
“When I graduated in 1958, the business program was not in a strong enough position to be ranked,” Tom Scott said. “Today, thanks to the successes of individuals like Bruce Walker and Brady Deaton, the college is achieving great success.”