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The Foundation Center

PHILANTHROPY NEWS DIGEST
   Vol. 6, Issue 36
   August 29, 2000

Peter O'Donnell, Texas University Donor, Profile

"I'm not sure there is a Texan who has had a greater impact on the face of present-day Texas than Peter O'Donnell Jr.," says University of Texas at Austin president Larry Faulkner of the school's biggest benefactor.

A well-known Dallas investor who rarely gives interviews, O'Donnell had donated nearly $50 million to the university — most of it anonymously — before offering a $30 million gift for the school's Applied Computational and Engineering Sciences Building, a new technology-based research center.

O'Donnell's previous gifts to the school, his wife's alma mater, have funded endowments for the business school, a graduate program in computational and applied mathematics, and 32 endowed chairs in science and engineering.

The 76-year-old O'Donnell is also known for the work of his philanthropic fund, the O'Donnell Foundation, which offers financial incentives to teachers and students for passing Advanced Placement exams. The project's success, particularly among minority students, led to its replication at schools throughout Texas.

FCnote: Peter O'Donnell Jr. is president, donor, and a director of the O'Donnell Foundation (TX), which had assets of $140,668,448 and made grants totaling $14,236,600 in the fiscal year ending 11/30/99.

Jayson, Sharon. "Benefactor Builds on a Dream." Austin American-Statesman 8/25/2000.

FC003605


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