Saint Louis University on Tuesday announced the largest gift in its 200-year history, a $50 million donation from St. Louis philanthropists Rex and Jeanne Sinquefield.
Rex Sinquefield, a SLU alumnus and longtime university trustee, made his fortune as the co-founder of Dimensional Fund Advisors and has given heavily to charitable and political causes in recent years. He founded the Show-Me Institute, a think tank devoted to free-market principles.
The contribution to SLU will fund three major projects. The bulk will support the creation Saint Louis University Research Institute and the Sinquefield Center for Applied Economic Research. A smaller piece will finance the school’s chess program.
For SLU, the contribution follows a record fundraising haul in the fiscal year that ended June 30.