Colorado State University today announced that Colorado State alumnus Michael Smith has made a series of donations to the university that will fund new scholarships focused on business, natural resources and chemistry, complete funding for a new natural resources building in the Warner College of Natural Resources, and contribute to the funding of the new on-campus stadium.
Mr. Smith is the chairman and chief executive of Freeport LNG, which is completing an LNG export facility based in the port of Freeport, Texas. Prior to Freeport, Mr. Smith was the chairman and chief executive of Basin Exploration, a Colorado-based E&P company he founded in 1981 in Fort Collins and sold to Stone Energy in 2001.
“Michael Smith is a brilliant, visionary business leader who, with this gift, has extended that vision to Colorado State University,” CSU President Tony Frank said. “We are humbled by his generosity and profoundly inspired by what we believe this will do for our students, alumni, and academic programs. The breadth and reach of the generosity from Michael and Iris Smith is truly unparalleled, with the potential for a transformative impact on three of our top academic colleges and our new on campus stadium currently under construction.”
Mr. Smith said: “I owe much of my success to the education I received at CSU and the combination of strong science and mathematics that enabled me to learn the oil and gas business. My career has been built around the opportunity this country’s energy business has spawned, and I hope my gifts help CSU to continue providing a premier education to generations of geologists, chemists and business leaders.”
About the gift
In total, the $13 million gift will include:
- A $5 million gift to create 50 full-tuition scholarships in the College of Business, in honor of the College’s 50th anniversary – 13 endowed Michael Smith Elite Business Scholars awards and 37 Michael Smith 50th Anniversary Scholarship awards.
- A $3.7 million gift to complete funding to build the Michael Smith Natural Resources Building in the Warner College of Natural Resources.
- A $3.5 million gift to the new multipurpose on-campus stadium project; the Michael & Iris Smith Alumni Center within the stadium will be home to the University’s 205,000 living alumni.
- A $400,000 gift to create 10 full-tuition Michael Smith Scholarships in the Department of Geosciences in the Warner College of Natural Resources.
- And another $400,000 gift to create 10 full-tuition Michael Smith Scholarships in the Department of Chemistry in the College of Natural Sciences.