FAU Gets Record-Setting Donation
Jun. 09, 1998
BOCA RATON, Fla. (AP) _ A record-setting $15-million gift to Florida Atlantic University will be used to build a new biomedical education center, the university said Monday.
The gift from the Schmidt Family Foundation is the highest single donation received by any school in Florida's state university system, spokeswoman Lynn Laurenti said.
And it will be matched by state funds in 1999, doubling it to $30 million, university officials said.
Most of the gift, $10 million plus matching funds, will be used to build the Charles E. Schmidt Biomedical Science Center, future home of the school's new biomedical science department.
The department was created Monday after the gift was announced, Laurenti said.
The remaining $5 million will be used to buy equipment for the center and to attract top scholars.
The 90,000-square-foot center is expected to be completed by 2002.
The foundation gave the gift in remembrance of Charles E. Schmidt, a self-made millionaire who died in 1996. Schmidt was a charter member and former president of the Florida Atlantic University Foundation. He started the Schmidt Family Foundation in 1982