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Moody Foundation invests $50 million in UT College of Communication

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Students in the College of Communication

The Moody Foundation has announced a $50 million commitment to establish the Moody College of Communication at The University of Texas at Austin, creating the largest endowment for the study of communication of any public university in the nation.

“The Moody Foundation has made a transformative gift to The University of Texas at Austin,” said Bill Powers, president of The University of Texas at Austin. “As the Moody College of Communication, this venerable and accomplished college is poised to become the nation’s leading institution for communication scholarship and education. It is an honor to welcome this great Texas family into the pantheon of the university’s most historically important donors.”

The gift, among the largest ever awarded by the Moody Foundation, will support projects across the Moody College and is aimed to help position it as the nation’s leading institution for research and teaching in new and convergent media.

The college will be renamed after the Moody family in honor of the gift, which will be used to establish endowments to support students and faculty across the college, renovate the Jesse H. Jones Complex, and build a skybridge across 26th Street connecting the Belo Center for New Media and the Jesse H. Jones Complex.

“By making this gift, the Moody Foundation seeks to increase the presence of the university on a national and international basis and improve the quality of its education by recruiting the best professors, the best administration and in turn having the best students coming out of the Moody College of Communication,” said Ross Moody, a UT Austin alumnus and trustee of the Moody Foundation. “It’s a huge honor to have the Moody name attached to a college that is so well known around the state and nation.”

“The college is tremendously grateful for this investment from the Moody Foundation,” said Roderick P. Hart, dean of the Moody College of Communication. “The Moody name provides instant credibility to the college by providing a brand that’s powerful and sustaining. This is truly a legacy gift that will transform all areas of the Moody College and continue to serve the people of Texas.”

More information is available here: http://www.utexas.edu/news/2013/10/21/moody-foundation-invests-in-college-of-communication/

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