The BrickStreet Insurance Foundation gifted $4 million Tuesday to West Virginia University's College of Business and Economics and Department of Intercollegiate Athletics through the WVU Foundation's "A State Of Minds" campaign, according to a news release from WVU.
The College of Business and Economics' Center for Innovation and Entrepreneurship was gifted with $3 million. Officials said the center will now be known as the BrickStreet Center for Innovation and Entrepreneurship.
"In fact, our COO and general counsel set us up on an Applebee's on the back of a napkin," said BrickStreet CEO Greg Burton, "which is what we would not recommend to do."
The $3 million gift is the largest corporate gift in the College of Business and Economics' history, according to the news release.
The gift will allow the College of Business and Economics to sustain its current programming as well as expand entrepreneurship education throughout the state, elevating the number and quality of programs offered, according to the news release.
"I would love to see that," said senior and entrepreneur Anthony Zabiegalski. "As soon as freshmen get to the college, if they had the opportunity to hit the ground running and start with projects because not only will you develop the accounting and traditional skills like that, but you'll learn how to work with clients, you'll learn how to participate in a board meeting. It would be phenomenal."
Officials said $1 million was given to the Department of Intercollegiate Athletics for improvements to the university's football complex.
"We're a little bit in an arms race in college athletics in terms of the bricks and mortar," said WVU Athletic Director Oliver Luck, "and bricks and mortar are important not just for the training for our student athletes but also for the recruiting."
"A State of Minds: The Campaign for West Virginia's University" was launched publicly in June 2012 by WVU and the WVU Foundation. Officials said the $750 million fundraising effort runs through December 2015.