NKU to receive $15 million gift for business school

Northern Kentucky University is about to receive a $15 million gift — the largest in the university's 40-year history.

The gift to the school's business college will officially be announced Friday when NKU President James Votruba delivers his annual “State of the University Address,” according to a news release issued Wednesday from the campus in Highland Heights.

The gift will be from The Carol Ann and Ralph V. Haile Jr./US Bank Foundation, a private family foundation focused on improving economic development, the arts, education and human services in the Greater Cincinnati area.

“This gift is a landmark moment in the history of this university and this community,” Votruba said in a statement. “We celebrate the dawn of a new era in which our College of Business will have an unprecedented capacity to meet the educational needs of its students and to support the economic growth of our region.”

Timothy Maloney, the foundation's president and CEO, said: “This investment in our region signals to the local business community and to decision makers across the commonwealth that Northern Kentucky's progress is inextricably linked to the growth and support of this university.”

Details on how NKU's business school will use the gift will be announced Friday during a 9:30 a.m. convocation at Greaves Concert Hall.

NKU's business school has about 2,400 undergraduates in 14 majors and about 350 graduate students in three master's degree programs.

NKU begins fall classes Monday.