The College of Communication at the University of Texas at Austin will soon have a new name – the Moody College of Communication.
The Moody Foundation is donating $50 million to the college, the largest donation in the college’s history.
The donation will be paid out over 10 years and will fund various initiatives, including a $10 million innovation fund and $13 million for graduate student recruitment and retention.
Money will also be used to build a sky bridge across Dean Keeton Street to link the Belo Center for New Media and the Jesse H. Jones Communication Center. UT will provide an extra $5 million to improve classroom space and facilities, which includes the sky bridge.