Archive for Saturday, November 13, 2004

Andersons donate $3.15M to football project

November 13, 2004


Kansas University has received another major gift toward its proposed football facility, to be built near Memorial Stadium.

KU officials announced Friday that longtime benefactors Dana and Sue Anderson of Los Angeles have pledged $3.15 million to the project, which is expected to cost between $25 million and $30 million.

"I am convinced we can substantially increase the revenue the football program generates -- and not for athletics but for the whole university -- but first we need to provide appropriate facilities," Dana Anderson said. "I am confident that can be accomplished, and I look forward to the day we dedicate those facilities."

The only other announced gift was $3 million from Charles and Sharon Lynch Kimbell of Hutchinson. Sources have told the Journal-World that a $20 million donation from KU alumnus Bud Adams, owner of the NFL Tennessee Titans, might be forthcoming.

The Andersons, who donated $4 million in 2001 for the Anderson Family Strength and Conditioning Center, pledged an additional $10.5 million in 1996 through their estate plan.

But Dana Anderson said he and his wife decided earlier this year to provide $3.5 million in securities now instead of waiting.

"Almost 10 years ago, we entered into a goal to give $10.5 million, including a bequest from my estate," Anderson said. "I'm older now, and I have a clearer focus on the end of my life. We enjoyed so much seeing the strength and conditioning center being built and decided that it would be great to see the completion of the football facility during our lifetimes."

In addition to the $3 million to the football project, the Andersons donated $350,000 to the KU School of Business.

Dana Anderson, who graduated from KU in 1959, served as chief operating officer of Macerich Co., which owns, manages and leases regional shopping centers and malls, from 1993 to 1997 and has been vice chairman of the board since 1993. He also is an investor and member of the board of Alvamar Development Corp. in Lawrence.

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