Schnatter, Koch give $12M to University of Kentucky
LEXINGTON, Ky. (AP) – Pizza maker John Schnatter and conservative Charles Koch are giving $12 million to the University of Kentucky for a new research and teaching institute and renovation and expansion in the Gatton College of Business and Economics.
UK said the gift was one of the largest private donations in its history.
The university said in a news release Tuesday that $8 million comes from the John H. Schnatter Family Foundation and $4 million from the Charles Koch Foundation. Schnatter is founder and CEO of Louisville-based Papa John’s International.
The release said the college plans to name a community study and gathering space in the new Gatton College the John H. Schnatter Atrium and establish the John H. Schnatter Institute for the Study of Free Enterprise at Gatton.
The new Gatton building features a $65 million renovation and expansion supported entirely by philanthropy.