TERRE HAUTE — Don Scott didn’t graduate from Indiana State University, but he and his wife, Susan, are making a “significant” contribution that will be used to help renovate the future home of the ISU College of Business.
In recognition of the generous donation, the ISU board of trustees on Friday will consider a recommendation to name the university’s College of Business the Donald W. Scott College of Business.
The ISU Foundation is making the recommendation. The gift “is one of the largest philanthropic gifts from a private individual in school history,” said Gene Crume, foundation president. The announcement comes as the university prepares to launch the public phase of its comprehensive March On! fundraising campaign.
Donald W. Scott spent four decades in the insurance industry with the Sycamore Agency, now Old National Insurance.
At the time of his retirement in 2003, he was chairman and CEO of Terre Haute’s Old National Insurance.
Much of the Scotts’ gift will be used to renovate what has been known as the Federal Building, which will become the new home for the Scott College of Business.
The former Federal Building at Seventh and Cherry streets housed the U.S. Post Office, federal offices and courtroom. “The courtroom is spectacular,” said Scott, who noted that it will make an impressive space for speakers, presentations and other campus-wide events.
The Scott College of Business is expected to move from its current home in Statesman Towers to the Federal Building in fall 2012.
Neither Scott nor his wife graduated from ISU, but they are longtime supporters of the university and Don Scott is a long-standing member of the ISU Foundation’s board of directors. The Scotts also are lifelong Terre Haute residents.
Donald Scott viewed the donation as “an opportunity to give back to his community and to this institution,” said Steve Brown, the foundation’s vice president for development.
Scott also has had a special interest in the Federal Building and wants to ensure “that it can continue being a very important part of this community,” Brown said.
While the family has asked that the amount of the donation not be disclosed at this time, university naming guidelines suggest that a gift would be at least seven figures.
Nancy Merritt, dean of the College of Business, said the Scott family “has been supportive of the Terre Haute community and university for a long time. The College of Business is thrilled to be able to move forward with the generosity and the confidence that the Scotts are showing in us.”
Last year, Risk Management magazine recognized ISU’s Insurance and Risk Management program as one of eight distinctive programs in the country.
“The insurance program is one example of where the Scott College of Business may not be the biggest in the nation, but it could be the best. I hope we can help find those niches for Indiana State,” Scott said.
Knowing how to build a business successfully is nothing new to the Scotts. Susan’s great grandfather, John A. Templeton, emigrated from Scotland to work in Indiana coal mines. He went on to own mines himself with the founding of Templeton Coal Company Inc., still in business today in Terre Haute.
Don’s dad started out at Home Packing Co. wrapping bacon as a teenager and worked his way up to being president and majority owner. Being third- and fourth-generation Terre Hauteans and having ties to the business world helped draw the Scotts to this opportunity at Indiana State.
Crume said that a major gift such as the Scotts’ tends to inspire others to give as well. “There truly is an amazing ripple effect,” Crume said.
ISU has secured $10 million in state funding through fee replacement to renovate the Federal Building. Completing the renovation and furnishing the facility calls for an additional $11 million in private support, officials say.
The board of trustees will consider the foundation’s naming recommendation at 10:30 a.m. Friday in the Tirey Hall State Room.
Sue Loughlin can be reached at (812) 231-4235 or sue.loughlin@tribstar.com.
Local & Bistate
ISU receives ‘one of the largest philanthropic gifts from a private individual in school history’
- Local & Bistate
-
-
Co-Op to Feed group delivering to needy
Three Terre Haute organizations are teaming up to deliver food boxes to “the neediest of needy” with specific health concerns on a monthly basis.
-
Field trips to take big hit next year
The Vigo County School Corp. plans to inform school staff of “deep cuts” in student field trips for the next school year, Superintendent Dan Tanoos said Friday.
-
Donation drive in Valley aims to send help to Oklahoma tornado victims
Terre Haute Ministries, along with WTWO, WAWV, Q102.7 and 100.7 Mix-FM are joining forces to help those impacted by tornadoes in Moore, Okla.
-
Invention makes houses safer from tornadoes
A Terre Haute man has developed a building construction system that increases the strength of a home, especially from a tornado.
-
ISU to stage public hearing on proposed tuition increase
Indiana State University will conduct a public hearing at 2 p.m. June 4 to receive input on a proposed 1.95 percent increase in student tuition and mandatory fees for the 2013-14 and 2014-15 academic years.
-
Trial date set for man accused of attacking Vigo County deputy
A Terre Haute man accused of attacking a Vigo County Sheriff’s Deputy has an Aug. 12 trial date.
-
Technology speeds disaster alerts, response
Caitria O’Neill remembers her reaction to hearing tornado warnings on June 1, 2011. She went to the grocery store, she said, “because I live in Massachusetts, and we don’t get tornadoes.”
-
Health information to be provided for blood donors
People who give blood at Clinton Gardens’ blood drive Tuesday will leave knowing valuable information about their health. Donors will find out their cholesterol level, blood pressure, blood type and iron levels at no cost.
-
‘This is the best day of my life’
-
Sullivan man airlifted to Indy after crash
A Sullivan man was in critical condition at an Indianapolis hospital Friday after his pickup truck collided with a tanker truck in Sullivan County.
-
Veterans Memorial Park dedication set for Monday
Memorial Day ceremonies will include a special event this year.
-
Ill. House approves guns plan opposed by governor
SPRINGFIELD, Ill. — Gun owners in the only state still banning concealed weapons would win that right under a plan approved by the Illinois House on Friday, but the governor and other powerful Democrats oppose the plan because it would wipe out local gun ordinances — including Chicago's ban on assault weapons.
-
Vigo County Jail Log: May 24, 2013
The following individuals were booked into the Vigo County Jail by area law enforcement on Thursday and Friday, based on jail records.
-
Vigo County Jail Log: May 23, 2013
The following individuals were booked into the Vigo County Jail by area law enforcement on Wednesday and Thursday, based on jail records.
-
Relic from another age: Massive find
A mastodon that lived in the Wabash Valley thousands of years ago is making big news today.
-
Game Over: Financial tightening causes VCSC to drop St. Patrick’s from athletic schedule
St. Patrick’s School athletic teams will not have an opportunity to compete against their Vigo County School Corp. middle school counterparts next year.
-
Katelyn Newell finally at home
After nearly five months, 8-year-old Katelyn Newell finally returned home Thursday evening — with a new heart.
-
Indiana State U. Police officer honored with Artz Award
Thursday was a special day for Indiana State University Police Officer Christopher Heleine in multiple ways.
-
City Council considering three for consultant
Three different tax professionals vied Thursday for a chance to become a “financial consultant” to the Terre Haute City Council.
-
Clay County sheriff warns of bank card scam
The Clay County Sheriff’s Department has received information regarding a scam targeting residents, according to a news release from the sheriff’s department.
-
State Police seek help with Sullivan County homicide
Indiana State Police detectives from the Putnamville Post are seeking help from the public with the nearly six-month investigation into the death of 85-year-old Lowell R. Badger, a rural Sullivan County farmer.
-
Man who attacked Vigo deputy arrested
A Terre Haute man accused of attacking a Vigo County sheriff’s deputy earlier this week is facing felony charges in the Vigo County jail.
-
INDOT to bid final 641 phase
The final construction phase of the 641 bypass is scheduled to let for bids on Dec. 11, according to the Indiana Department of Transportation.
-
District office moves north
The Southwest District office of the Purdue Extension service has been moved north from Vincennes to Terre Haute.
-
Day is done…
The sun sets Thursday evening as seen from south of Terre Haute.
-
Morning update: I-5 bridge collapse caused by truck hitting span
The Washington State Patrol chief says the Interstate 5 bridge collapse into the Skagit (SKA'-jiht) River at Mount Vernon was caused by an oversize truck.
-
UPDATE: I-70 lanes in Putnam County now open
The west-bound lanes of Interstate 70 re-opened Thursday evening after being temporarily closed due to a crash near the Greencastle/Cloverdale exit.
-
22-hospital St. Vincent Health cutting jobs
INDIANAPOLIS — One of Indiana’s largest health systems says it’s cutting an undisclosed number of jobs by June 30 because of increasing economic and competitive pressure on the health care industry.
-
Update: Cleanup from overturned truck in Greene County continues
Fuel spillage from the dump truck hauling gravel that overturned this morning in Greene County at Indiana 54 and County Road 725 East near Ridgeport continues to restrict traffic to one lane.
-
17-pound bone found during Vigo flood cleanup
TERRE HAUTE — Crews cleaning up from Wabash River flooding in Vigo County came across a 17-pound bone that they believe might have come from an ancient mastodon.
- More Local & Bistate Headlines
-
Raw: Trucker Bumps I-5 Bridge Before Collapse
Mayor: Person Killed in San Antonio Flooding
Raw: Texas Deputy Shot by Colo. Suspect Honored
Suspect in Killing of Officer Found Dead in Cell
Major Detours Following Wash. Bridge Collapse
Raw: Apple 1 Computer Sells for More Than $650k
American Held in Grisly Czech Murders
Raw: Jersey Shore Reopens for Summer
Raw: Train Derails After Overpass Collapse
Today in History May 25
High Wire Spectacle Thrills Crowd in Austria
Raw: French Soldier Stabbed in Throat Near Paris
Raw Video: Washington State Bridge Collapse
Raw: Gay Rights Activists March in Ukraine
Bus Fire Kills 16 Children, Teacher in Pakistan
UK-bound Pakistan Plane Diverted, 2 Men Arrested
Raw: Rescues From San Antonio Flooding
New Wheelchair Lift Promises More Access
Officials: Tsarnaev Friend Linked to Slaying
A Slice of Apple History Up for Grabs
Massive Flooding in San Antonio Area; Rescue Efforts Underway
Hope For The Boy Who Can't Smile
Young protestor goes viral on Youtube
Toronto Mayor says he's not a crack head
Maine island offers lighthouse getaway
Should We Prepare for Quakes?
Lynn Kindergarten Class Rescues Ducklings
Congressional gold medal awarded to civil rights heroes
Charles Ramsey visits Kentucky
Unique Display Greets Guests At Revel Casino
Cape Cod Train Service Worries Residents
BASE jumper rides snowmobile off cliff to honor dead friend
Bridge Collapse Survivor: 'Rough Day'
SHOCKING: School Guard Throws Girl Down Stairs
Star Wars X-Wing Star Fighter Made of Legos
Actress Amanda Bynes Arrested in New York
Singer Psy Has An Imposter
