South Carolina university benefits from $75 million donation

The University of South Carolina received a $75 million gift from alumnus Peter McCausland and his wife, Bonnie, transforming the College of Arts and Sciences into the McCausland College.

The University of South Carolina has received a generous gift of $75 million from alumnus Peter McCausland and his wife, Bonnie. This substantial donation is one of the largest in the university's nearly 225-year history and is set to transform the educational experience for students and faculty alike. The College of Arts and Sciences, which is the largest college at USC, has been renamed the McCausland College of Arts and Sciences in honor of their contribution.

Peter McCausland, a 1971 alumnus of USC, is well-known for his role as the founder of Airgas Inc., a company he successfully led for over 30 years. His success in defending the company against a hostile takeover has become a case study in business strategy. The McCauslands' donation reflects their commitment to enhancing higher education, particularly in the liberal arts and sciences.

The $75 million gift will be used to create career development programs, including paid internship stipends for up to 150 students annually. This will provide students with valuable real-world experience and help them transition into their chosen careers. Additionally, the donation will support research and teaching in neuroscience, an area that has seen significant growth at the university. The funds will also facilitate faculty hiring and support, further enriching the academic environment.

The impact of the donation extends beyond the college itself, as it aligns with broader initiatives at USC. The university is constructing South Carolina's first standalone neurological hospital, part of the Bull Street District development in Columbia. This project underscores the university's commitment to advancing healthcare and research in neuroscience.

The McCauslands' gift is being celebrated as "transformational" by university officials. President Michael Amiridis expressed deep gratitude for the donation, highlighting its significance in enhancing educational opportunities and research at USC. The renaming ceremony took place on the historic Horseshoe, marking a significant moment in the university's history.

This donation not only reflects the McCauslands' generosity but also their vision for the future of education and research. By supporting students and faculty in these critical areas, they are contributing to a legacy of excellence that will benefit generations to come.

The McCauslands' gift serves as a testament to the power of philanthropy in shaping the educational landscape. Their commitment to enhancing the University of South Carolina's capabilities in arts, sciences, and neuroscience is a shining example of how donations can drive positive change and foster innovation in higher education.