Baylor receives record $35 million gift from alum

Baylor receives record $35 million gift from alum

WACO, Texas — Baylor University recently received a $35 million gift, the largest gi ft from a living alumnus in the school’s history. The gift by Texas oilman Paul Foster, a 1979 Baylor graduate, will go toward construction of a new $100 million facility to house Baylor’s Hankamer School of Business. 

The new 275,000-square-foot facility will be named the Paul L. Foster Campus for Business and Innovation. Part of the fund also will support Baylor Stadium, a new $250 million riverfront football stadium approved by trustees in 2012.