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Archive for Friday, July 7, 1995

KU RECEIVES $3.5 MILLION DONATION

July 7, 1995

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Biomedical research and the performing arts are the benefactors of a gift from the Lied Foundation.

The Lied Foundation has pledged $3.5 million to Kansas University for biomedical research and performing arts, KU Chancellor Robert Hemenway announced today.

The foundation is providing $1 million for an endowed research fund at the KU Medical Center in Kansas City, Kan., and another $1 million to support performing arts programming at the Lied Center. In addition, the foundation annually will add $100,000 for five years to the Lied performance fund. The funds will be established by the KU Endowment Association.

The Lied Foundation in 1988 gave $10 million for construction of the Lied Center, KU's performing arts facility on West Campus.

In addition, the Lied Foundation will add up to $500,000 to the Lied Center Performance Fund and up to $500,000 to the medical research fund -- if KU secures matching funds. The university must raise $500,000 for Lied Center programming within five years and $500,000 for the medical research fund by Aug. 31, 1996.

If matching funds are secured, the performance fund will total $2.5 million and the research fund will be $2 million.

The Lied Foundation gift ranks among the top 20 grants in KU's history, said John Scarffe, director of communications for the KU Endowment Association.

"The University of Kansas is profoundly grateful to (Foundation trustee) Christina Hixson and the Lied Foundation," Hemenway said in a prepared statement. "This gift continues the Lied Foundation's tradition of investing in projects that affect the well-being of the university."

Ernst F. Lied, for whom the 2,000-seat Lied Center is named, attended KU in the 1920s. He established an automobile business in Omaha, where he lived for many years. In 1950, he moved to Las Vegas, where he entered the real estate business. His estate established the Lied Foundation in 1980. A scientific research building at the medical center also will be named in Lied's honor.

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