MU Gets $8 Million Gift

9 years 6 months 8 hours ago March 29, 2007 Mar 29, 2007 Thursday, March 29 2007 Thursday, March 29, 2007 6:55:10 PM CDT in News

University officals and family friends announced the gift on Thursday. For Waters' friends, it was a chance to relive old memories.

"One day we were discussing something going on in one of the governments, who knows which one, and she said, 'It's too bad they can't take advantage of our expertise.' And I said, 'Margaret, nobody calls me from Vandalia, much less Washington,'" recalled family friend Charlene Teague.

"The whole Waters family needs recognition because these funds are the result of two generations at least," added Allan Adam, another friend.

"It is rare, actually, that we receive a major, unrestricted gift to the University as a whole, to look across the span of the colleges and programs," said Chancellor Brady Deaton.

MU will split $5.3 million of the gift, with half for scholarships, with preference for students from Audrain County, and the other half for the chancellor's Fund for Excellence for other projects. The remaining $2.7 million will go to MU Healthcare.

The Waters' gift raises the total to $645 million in the "For All We Call Mizzou" fund-raising campaign. The gift was in honor of Margaret Waters' brother, who also lived in Audrain County. Margaret Waters graduated from MU in 1931 with a degree in education.

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