Founder of Clear Channel Communications Lowry Mays ’57 and his wife Peggy have announced their continued support for the college that bears their namesake, Mays Business School at Texas A&M University. Their recent $7.5 million gift will support a number of endowed faculty chairs. Part of the fund will be matched with gifts from other donors, bringing the total impact of the gift up to $12 million.

Lowry Mays '57

“At a time when so many are affected by this challenging economy, we are fortunate to have generous benefactors in the Mays family,” said Jerry Strawser, dean of Mays Business School. “Their past support has enabled our school to achieve status as one of the top public business schools in the world, and this most recent gift will allow us to continue delivering outstanding programs to our students. We are proud to have one of the most influential businessmen in Texas history endorse our programs in such a meaningful way.”

This latest gift builds upon the Mays’ 1996 contribution of $15 million, which continues support of the business school’s initiatives. It was at that time the college of business at Texas A&M was formally named in the Mays’ honor.

The current gift will support one eminent scholar chair in the name of Peggy Pitman Mays and one regular chair honoring Benton Cocanougher, dean emeritus and professor emeritus of Mays Business School. Additionally, it will provide matching grants for two other eminent scholar chairs and five regular chairs.