Miami UniversityMonday, November 9
Miami University's business school gets a record $100 million gift from the Farmer family
The Daily Hamilton team
If you're a Miami alum or just live nearby, here's the headline: the Farmer School of Business will receive $100 million, the largest donation in the university's 217-year history. President Gregory Crawford announced it Thursday, Nov. 5, in his 11th State of the University address.
The Farmer gift starts with $55 million and completes Miami's $1 billion goal
- $100 million
- from the Farmer Family Foundation over a decade
- $55 million
- in the first three years
- $25 million
- matching gift for other donors
- $1 billion
- campaign goal Miami has now reached
Sources: The Miami Student, WKRC, The Enquirer
The Farmer Family Foundation will give the money over the next decade, and WKRC reports it begins with $55 million over three years. Crawford said Miami will keep raising money until June 30, 2027.
- Priorities: quantitative excellence, technology, experiential learning, career readiness
- Farmer family: Dick graduated in 1956, Joyce in 1957
- Also announced: Last Mile Scholarship for tuition left after aid
The Farmers' ties to Miami stretch from 1956 to this gift
- 1956Dick Farmer graduates from Miami with a business degree.
- 1968Dick Farmer founds what would later become Cintas.
- 2005The Farmers fund construction of the Farmer School's building.
- Nov. 5Crawford announces the $100 million gift.
Source: The Enquirer
Scott Farmer, the son of Dick and Joyce and executive chairman of Cintas, said in the release, “Our parents were shaped by their time at Miami.” The Farmer School dean, Jenny Darroch, said the money lets the school move "at the pace of business."
Sources: The Miami Student, WKRC, The Enquirer