The University of Texas at Austin has received a $50M grant from the Moody Foundation to establish the Moody College of Communications, which is the largest endowment received by any U.S. public college for the study of communications.
UT's advertising and PR faculty |
UT Austin president Bill Powers called the grant a "transformative gift."
The Moody Foundation, which has $1B in assets, invests in Austin, Galveston and Dallas.
Founded in 1866, the foundation traces its financial growth from the development of American National Life Insurance Co.
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