Wow. The Donald J. Reynolds Institute, namesake of Mizzou’s innovative journalism institute, announced a $30.1 million gift to the school today, ensuring the it will always have funding.
The Star reports:
The $30.1 million gift is intended to provide permanent funding to operate the Donald W. Reynolds Journalism Institute, which was built four years ago to focus on innovation, collaboration and research in media industries. …
“This endowment ensures that the Reynolds Institute will benefit future generations of citizens with its groundbreaking work on new methods and models of journalism,” MU Chancellor Brady Deaton said in a statement. “We will forever be in debt to the Reynolds Foundation for enabling the university to launch and now make permanent this world-class center of research and service.”
Reynolds, a 1927 graduate of the MU School of Journalism, founded the Donrey Media Group, which operated more than 100 businesses, including newspapers, radio and television stations, and cable TV and billboard companies.