The University of Colorado Boulder (CU Boulder) announced a $15 million gift from alumnus Michael Klump in support of real estate programs and student health.

Through the Hellems Fund for Collective Belonging and the Hellems Fund for Fostering Success, the gift will contribute to mental health programming, resources, and student support, as well as welcome programs and outreach initiatives for first-year and transfer students. The gift includes $13 million to the university’s real estate center, which will be renamed in recognition of Klump, to endow three faculty positions and create funds to advance innovative academics, establish an endowed scholarship, enhance students’ career growth, and strengthen the center’s reputation. An additional $2 million will support programs in the College of Arts and Sciences that promote CU Boulder students’ mental health and well-being.

“My hope is that this gift will provide students with broad exposure to the diverse opportunities within real estate, whether they choose to embark on a career immediately, pursue further education, or explore various facets of the industry,” said Klump, the founder and chairman of RCG Ventures, a commercial real estate investment firm. “The real estate world is vast and dynamic, with potential for local, regional, national, and even international impact, and I am excited to support a program that will open doors and inspire future leaders in this field.”

(Photo credit: Getty Images/wellesenterprises)