The University of Texas at Dallas has announced a $50 million investment in its business school that includes a combined gift of $30 million — the largest alumni gift in its history — and matching funds approved by the University of Texas System Board of Regents.

Major gifts from alumni Charles and Nancy Davidson and Naveen Jindal and a $20 million matching fund program approved by the UT System Board of Regents will be used to build a hundred-thousand-square-foot addition to the university's school of management. In addition, Jindal's gift, which includes a $5 million match from the UT System Board of Regents' Research Initiative Fund and the Texas Research Incentive Program (TRIP), will be used to establish the Naveen Jindal Institute for Indo-American Business Studies, endow new department chairs, and support scholarship and fellowship programs. The Davidsons' gift, also matched by $5 million from TRIP and the Research Initiative Fund, will support an endowed fellowship for management graduate students and elevate four previously established Davidson Professorships to Davidson Chairs.

In honor of the gifts, the school of management will be renamed the Naveen Jindal School of Management, while the school's honors program will be renamed the Charles and Nancy Davidson Honors Program.

"Naveen Jindal and Charles and Nancy Davidson, through their combined generosity, have given our students and faculty the encouragement that comes from having resources at hand and have given UT Dallas new ways to signal its excellence by lending their names to our school and the management honors program," said UT Dallas president David E. Daniel. "We are very grateful for their support today and for all the support they have shown through the years."