BIRMINGHAM COUPLE TO DONATE $20 MILLION TO UA
By WVUA 23 Reporter Caroline Wood
A Birmingham couple is donating $20 million to the University of Alabama.
The gift is going toward the Culverhouse College of Business and Alabama Athletics. The donation will be used to establish the C.T. and Kelley Fitzpatrick Center for Value Investing.
According to the University, the money will “provide funding for research in value enhancing, enhance the Culverhouse Investment Management Group student-led investment program, elevate the Fitzpatrick Endowed Chair of Value Investing and support Crimson Tide athletic facilities.”
According to the Birmingham Business Journal, in 2015 the couple donated $3 million to the Culverhouse College. That donation funded the Vulcan Value Partners Research Library and Trading Room.
The donor, C.T. Fitzpatrick, said he is impressed with how his donations have been used in the past.
“We have been involved personally with helping teach those classes and we’ve been really impressed with what the university has done with those funds and the quality of education that those students are getting,” Fitzpatrick said.
The donation is pending approval from the UA Board of Trustees. Once approved, the gift will increase the Fitzpatrick’s donation total to $24 million. This will make them the highest cash donors in the history of the university.