Oklahoma State University has T. Boone Pickens, but Montana State University has Bill Wurst.
The former made his money in "black gold, Texas Tea" (as described in the theme song to the "Beverly Hillbillies"), but the latter had a 30-year career with Hewlett Packard.
MSU recently announced a $4 million gift to its College of Engineering from the Bill Wurst estate.
So, how did that come together?
It seems that after Wurst passed away last year, his widow and children worked with the Alumni Foundation and realized the gift would really have a big impact as part of a matching gift for the Norm Asbjornson Innovation Center.
According to the KPAX.com article, titled “Late Ronan man leaves $4M estate gift to MSU,” during his lifetime Wurst was an energetic supporter of future engineering students at Montana State.
In fact, Wurst had previously established a scholarship with matching funds from HP for students in electrical and computer engineering in 1994.
Wurst received a bachelor’s degree in electrical engineering from MSU, and he earned a master’s degree in electrical engineering while working as a research and teaching assistant at the school.
Colleagues described Wurst as a natural leader who developed a reputation as an innovator and strategic thinker.
The original article notes that many believe these qualities about him make his estate gift to the school very appropriate.
The building will be designed to promote student-faculty interaction and accelerated innovation that responds to and anticipates emerging trends in education, industry and society.
MSU officials are hoping to break ground on the facility by the middle of 2016.
If you would like to explore ways to give back to the institutions that have helped you, then contact an experienced estate planning attorney who can provide you with some creative approaches to get that done.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: KPAX.com (September 18, 2015) “Late Ronan man leaves $4M estate gift to MSU”