JONESBORO, AR (KAIT) - Arkansas State University received a generous amount of money from a former alumni Tuesday.
Former Alumni Neil Griffin donated $10 million to his former university.
"In all my philanthropy, education is number one," Griffin said. "Education changes your life."
This gift will endow a range of future scholarships, professorships and enhancement funds used for college operation.
"This will help the College of Business do things they've never been able to do," A-State Chancellor, Dr. Kelly Damphousse said of the gift. "It will provide scholarships for our students as well, so they don't have to work 40 hours a week to put themselves through school, they can focus on their studies."
Griffin has also made plans for a follow-on estate gift that will help provide significant future enhancements.
"I reflected back on where I came from and what had really influenced me, and Arkansas State was there," Griffin said. "So, I simply said I'm doing it to pay back the contribution they have made in my life."
Griffin was the first member of his family to attend A-State and it was a turning point in his life.
In honor of Mr. Griffin's donation, the A-State Board of Trustees passed a resolution to rename the College of Business, the Neil Griffin College of Business.
"The resources that Mr. Griffin's gift make available for our students, faculty, staff, the consequences of that will be immeasurable," Damphousse said.