T. Boone Pickens, Billionaire oilman, OSU alumni
STILLWATER, Okla. (AP) - Billionaire oilman T. Boone Pickens says he's giving $100 million to fund a major endowment for scholarships at Oklahome State University, his alma mater.
Pickens is announcing his gift at an event Friday to announce the start of a $1 billion campaign to raise money to fund scholarships, faculty positions, research and buildings at the Stillwater school.
OSU president Burns Hargis says that, of the $1 billion to be raised, $500 million would be used to endow scholarships and fellowships for students.
Pickens' latest gift brings his donations to OSU to more than $400 million.
Hargis said the campaign would be called "Branding Success."
(Copyright 2010 by The Associated Press. All Rights Reserved.)
