john a jackson

UT music school receives $55 million endowment

That Other Paper  Wed, 03/19/2008 - 10:14am

photo / jrossolPlease don’t stop the music  Retired physician Ernest Butler and his wife Sarah, long-time musical arts connoisseurs, have given The University of Texas’ School of Music quite a gift — $55 million dollars.

This gift is the second-largest that UT has ever received, superseded only by the John A. Jackson estate’s gift of $245 million to the School of Geosciences.

The Butlers’ gift is more than the School of Business got from Red McCombs — $50 million. About two-thirds of the money will go toward scholarships, and the rest will go toward faculty support.