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DePauw gets $25M for dining hall, scholarships

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A Colorado couple who both graduated from DePauw University have donated $25 million to the private liberal arts college to build a new dining hall and to endow need-based scholarships.

The university announced Thursday night that R. David and Suzanne Hoover donated the money. About $9 million will go toward the scholarship endowment and the rest will provide the lead gift for the dining hall to be named Hoover Hall.

The Hoovers, who reside in the Boulder, Colo., area, are both 1967 graduates of DePauw. David Hoover is chairman of the board of Ball Corp. and serves on the board of Eli Lilly and Co., and other companies. Suzanne Hoover is a former teacher.

DePauw is located in Greencastle, about 40 miles west of Indianapolis.

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  • Ron
    Ok people... No Im not lazy i read the story. So 16m will go to dining. I did not criticize them i simply made a statement that people all over need help. And no i don't know if they have or have not gave any other donations. But 16m for a dining hall, come on... A simple person can see that is outrageous. I also stated that i would give to people instead of a school that really does not need a 16m dollar dining hall. The 9m for scholars is good. Charity is good but its only good if its gonna help, a 16m dollar dining hall who will this help? Think about it.
  • Ron - get help
    Really? You will criticize someone who is donating money to the school...But of course, you are too lazy to read three and a half paragraphs ($9M will go toward the scholarships).
    • To Ron
      Ron, perhaps they have also given to the causes you think are more deserving. But honestly, what is wrong with you that you need to criticize someone's charitable donation? They made the money and they should be able to spend or donate it as they see fit. After all, it is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better.
    • $25m ???
      This couple is crazy. 25m for a dining hall? And all these poor people in this county without homes. Food. Work. Cars. Etc... And they spend 25m on a place to eat. Unreal... If i had 25m to waste i would make sure some people in my church or town had some of this money to help them through hard times.

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      1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

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