$300 million gift to Missouri S&T sets record in Missouri

A St. Louis couple have donated $300 million to a foundation that will support Missouri University of Science and Technology, the largest single gift in the history of Missouri higher education.



a view of a city: The Missouri University of Science and Technology, known as Missouri S&T, announced the gift Monday.


© Missouri S&T
The Missouri University of Science and Technology, known as Missouri S&T, announced the gift Monday.

The gift from Fred Kummer, who graduated from the institution now known as Missouri S&T in 1955, and his wife June was announced Monday.

The record-setting donation will allow the university to establish a school of innovation and entrepreneurship, develop new areas for research, bolster the economic in Rolla and provide numerous scholarships and fellowships for students.

“This gift is transformative for S&T, the Rolla region and our state,” said Mo Dehghani, Missouri S&T chancellor, in a news release.

Missouri S&T was founded in 1870 as the Missouri School of Mines and Metallurgy. The 8,000-student campus in Rolla is part of

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Palo Alto office shopping spree tops $850 million

PALO ALTO — A big Southern California real estate and investment firm has gobbled up its latest in a string of Palo Alto office property purchases, a deal that extends a buying spree in the Silicon Valley tech hub that now tops $850 million.

Alexandria Real Estate, acting through an affiliate, has bought two Palo Alto office buildings on Hillview Avenue near Arastradero Road, acquiring a site that’s in the famed Stanford Research Park.

The deal suggests investors still seek to collect commercial properties in choice and prestigious locations despite the economic uncertainties that the coronavirus has triggered.

The just-purchased buildings have a combined 77,000 square feet, according to Santa Clara County property documents and commercial real estate listing services. SAP, a tech giant, is the tenant in the two buildings.

Pasadena-based Alexandria Real Estate paid $40.5 million for the buildings, county documents filed Oct. 8 show. Alexandria bought only

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Missouri University Of Science And Technology Receives $300 Million Gift, The Largest In Missouri Higher Education History

Missouri University of Science and Technology(Missouri S and T) announced today that it had received a $300 million donation, the largest single gift in the history of Missouri higher education. St. Louis businessman and Missouri S and T alum Fred Kummer and his wife June are giving the money to a foundation they created that will support several initiatives at the university.

The Kummers’ gift will be administered by The Kummer Institute Foundation. Funds from the foundation will support several new initiatives at Missouri S&T, including:

  • A new research and development entity modeled after other university-affiliated centers like the Lawrence Livermore National Laboratory in Livermore, California and the Johns Hopkins Applied Physics Laboratory in Laurel, Maryland. The new organization will be the home to four new research
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Missouri S&T announces ‘transformative’ $300 million gift

A St. Louis businessman and his wife have donated $300 million to a foundation to support Missouri University of Science and Technology in what the university said is believed to be the largest single gift to a higher education institution in Missouri.

The school announced the gift Monday from Fred and June Kummer. He is the founder and chairman of St. Louis-based HBE Corp., a design and build firm for health care that he began in 1960.

Kummer is a 1955 civil engineering graduate of Missouri S&T, which was then known as the Missouri School of Mines and Metallurgy.

The university will use the gift to establish a new school of innovation and entrepreneurship, develop new areas for research, and provide scholarships and fellowships for students.

Chancellor Mo Dehghani called it “transformative.” The funds will make Missouri S&T a leading center of innovation and entrepreneurship, “energizing the economy

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Missouri S&T announces ‘transformative’ $300 million gift

ROLLA, Mo. (AP) — A St. Louis businessman and his wife have donated $300 million to a foundation to support Missouri University of Science and Technology in what the university said is believed to be the largest single gift to a higher education institution in Missouri.

The school announced the gift Monday from Fred and June Kummer. He is the founder and chairman of St. Louis-based HBE Corp., a design and build firm for health care that he began in 1960.

Kummer is a 1955 civil engineering graduate of Missouri S&T, which was then known as the Missouri School of Mines and Metallurgy.

The university will use the gift to establish a new school of innovation and entrepreneurship, develop new areas for research, and provide scholarships and fellowships for students.

Chancellor Mo Dehghani called it “transformative.” The funds will make Missouri S&T a leading center of innovation and entrepreneurship,

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Missouri S&T receives $300 million gift

“Transformative” donation is the largest ever in higher education in Missouri; boost also foreseen for local and state economies

St. Louis businessman Fred Kummer and his wife June have donated $300 million to a foundation that will support Missouri University of Science and Technology (Missouri S&T). Photo by Terry Barner/Missouri S&T
St. Louis businessman Fred Kummer and his wife June have donated $300 million to a foundation that will support Missouri University of Science and Technology (Missouri S&T). Photo by Terry Barner/Missouri S&T
St. Louis businessman Fred Kummer and his wife June have donated $300 million to a foundation that will support Missouri University of Science and Technology (Missouri S&T). Photo by Terry Barner/Missouri S&T
The Kummer gift will enable Missouri S&T to establish a new school of innovation and entrepreneurship, develop new areas for research, provide numerous scholarships and fellowships for students, and bolster the Rolla region’s economy. Photo by Missouri S&T
The Kummer gift will enable Missouri S&T to establish a new school of innovation and entrepreneurship, develop new areas for research, provide numerous scholarships and fellowships for students, and bolster the Rolla region’s economy. Photo by Missouri S&T
The Kummer gift will enable Missouri S&T to establish a new school of innovation and entrepreneurship, develop new areas for research, provide numerous scholarships and fellowships for students, and
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Judge sets bond at $2 million for men accused of killing Euclid mother, fashion model

EUCLID, Ohio – A municipal judge set $2 million bonds for the two men accused of killing a mother and fashion model from Euclid.



a car parked on the side of a road: Women involved in


© Eric Heisig, cleveland.com/cleveland.com/TNS
Women involved in

Daylonta Jones, 20 and Curtis Gatheright, 21 are both being held in the Cuyahoga County Jail as their case is presented to a grand jury. Both men face murder charges in the Oct. 1 death of Shalaymiah Moore who was shot in the back and shoulder in what police have said was an attempted robbery.

Gatheright’s bond was set on Monday at his initial hearing, and Jones was set on Wednesday.

The shooting happened about 3:15 a.m. last Friday on Lakeshore Boulevard just west of East 210th Street, according to Euclid police.

Jones preliminary hearing is set for Oct. 13 at 9:00 a.m. Gatheright’s is scheduled for the same day at 2:00 p.m. The hearings will be more

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Report: 29 million girls, women victims of modern slavery

UNITED NATIONS — A new report estimates that 29 million women and girls are victims of modern slavery, exploited by practices including forced labor, forced marriage, debt-bondage and domestic servitude.

Grace Forrest, co-founder of the Walk Free anti-slavery organization, said Friday that means one in every 130 women and girls is living in modern slavery today, more than the population of Australia.

“The reality is that there are more people living in slavery today than any other time in human history,” she told a U.N. news conference.

Walk Free defines modern slavery “as the systematic removal of a person’s freedom, where one person is exploited by another for personal or financial gain,” she said.

Forrest said the global estimate of one in 130 women and girls living in modern slavery was made based on work by Walk Free, the International Labor Organization and the International Organization for Migration, both U.N.

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How a founder bootstrapped her fashion startup to a profitable $2 million in revenue with bags made of apples and no investors

Samara CEO Samila Visram, right, and her sister Samara, left.
  • Samila Visram founded sustainable fashion brand Samara in 2017 after she couldn’t find a bag that was “cruelty free, simple, and elegant.”
  • The brand sells bags, clothing and accessories made from ethically-sourced sustainable materials like apple leather, bamboo and castor oil.
  • A chunk of the company’s profits go to supporting Visram’s other venture, Soular, which provides children in Kenya, Uganda and Tanzania with backpacks that have solar-powered lights so they do homework without expensive kerosene.
  • Visram said Samara is profitable and has been “since day one,” generating $2 million a year in revenue.
  • Doing small production runs, maintaining a staff of four who perform many roles, and handling projects like photoshoots in-house have all helped keep costs down, Visram said.
  • Visit Business Insider’s homepage for more stories.

Bags made out of apple leather. Sunglasses made out of castor oil.

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Adore Beauty lodges prospectus for $270 million ASX debut



a woman looking at the camera: Kate Morris Adore Beauty


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Kate Morris Adore Beauty

Aussie beauty marketplace Adore Beauty has lodged its prospectus with the Australian Securities and Investments Commission, as it heads for an IPO worth $269.5 million.

The offer values the business at $614.8 million, and gives it an opening market cap of $635.3 million, based on an initial offer price of $6.75 per share.

Adore Beauty will trade under the ASX code ABY.

In an Instagram post, co-founder and executive director Kate Morris, who launched the business out of her garage some 20 years ago, said she “would never, ever, EVER have dreamed that @adorebeauty would make it onto the ASX”.

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Well this has been one hell of a lockdown project!! 20 years ago in my garage, I would never, ever, EVER have dreamed that @adorebeauty would make it onto the ASX. I am so very proud

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