In the largest single donation in the history of higher education in the Rio Grande Valley, Robert C. Vackar, CEO of the Bert Ogden Auto Group, will give $15 million to The University of Texas Rio Grande Valley’s College of Business & Entrepreneurship.
To honor Vackar for his extraordinary gift, the college will be named the Robert C. Vackar College of Business & Entrepreneurship.
“This is a monumental moment not only in the history of UTRGV but the entire Rio Grande Valley,” said Founding President Guy Bailey. “We are extremely grateful to Bob for his generosity, and we look forward to the tremendous impact his gift will have now and for generations to come.”
The gift will be set up as an endowment, so College of Business & Entrepreneurship students will benefit in perpetuity.
“This recognition is such an honor,” Vackar said. “Growing up in Edinburg and living in the Rio Grande Valley has been such a great experience for our family — Janet and I just love this place! But after the many years of support our family and our businesses have received from this community, the real honor is being able to give back to the community, students and the university.”
This is the second gift the Vackar family has given UTRGV this year. In January, they donated more than $2 million for scholarships.
“I am grateful that Bob understands the value of philanthropy and that this gift will change the face of philanthropy not only at UTRGV but also in the Rio Grande Valley,” said Kelly Cronin, UTRGV vice president for advancement.