MSU Receives $4.5 Million for Entrepreneurship Institute

has announced a $4.5 million gift from businessman and alumnus Robert K. Burgess to the in the .

The gift, which includes $3 million in cash and a $1.5 million estate gift, will support programs designed to help students compete in national and international business contests, as well as the recruitment and retention of talented instructors with significant business experience and the institute's many activities and initiatives. In recognition of the gift, and a $2 million gift Burgess made in 2005, the institute will be renamed in his honor.

Burgess, who earned a bachelor of science degree in packaging from MSU in 1966, is managing partner at and serves on multiple boards of directors. He is also a past president and CEO of residential housing and homeowner services corporation . At MSU, he has served as chair of the Broad College campaign advisory board, as president of the Broad College of Business alumni board, as chair and director of the MSU Foundation, and on the President's Campaign Cabinet.

"Over the years, Bob's unmatched commitment to advancing the institute has gotten us to where we are today," said Ken Szymusiak, the institute's managing director. "Without him, we wouldn't be able to offer our students the experiences we do today, and our next chapter will further elevate our current programs while allowing us to provide more innovative curriculum and training opportunities."

"." Michigan State University Press Release 07/13/2016.