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Posted on 4/20/23 at 11:15 am to JayAg
The Waltons as a family have given Arkansas 420m in 2 gifts.
A Sam Walton had a plan. He had a store which was making money and had a plan to start stores all over Arkansas and the southeast.
High volume low cost.
He needed $1m dollars to get it off the ground. So he goes to his bank and talks to the chief loan officer about what he needs and why. He was refused the loan. President said it wouldn’t work and that he,Sam, would go broke. Sam thanked him and got the money some where else. The rest is history.
A Sam Walton had a plan. He had a store which was making money and had a plan to start stores all over Arkansas and the southeast.
High volume low cost.
He needed $1m dollars to get it off the ground. So he goes to his bank and talks to the chief loan officer about what he needs and why. He was refused the loan. President said it wouldn’t work and that he,Sam, would go broke. Sam thanked him and got the money some where else. The rest is history.
Posted on 4/20/23 at 11:28 am to JayAg
quote:"The University of Texas at Austin’s new basketball arena and events center will be named Moody Center in honor of a $130 million grant to UT from the Moody Foundation, and brings to more than $200 million the donations to UT Austin from the Galveston-based foundation. Overall, the foundation has contributed more than $260 million to institutions in the University of Texas System."
The only other school in Texas I can think of who recently got an $100M gift too was Baylor.
Moody Foundation
"The Michael & Susan Dell Foundation is donating $100 million to UT Austin to support students from lower-income families. The money, which will be granted over 10 years, is the largest donation the university has ever received that will go directly to students."
Dell Foundation
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