Dells announce $750 million donation to the University of Texas

Michael and Susan Dell pledged $750 million to the University of Texas to establish the UT Dell Campus for Advanced Research in north Austin and to support scholarships, student housing and the Texas Advanced Computing Center.

Michael and Susan Dell announced a $750 million gift to the University of Texas. The donation is set to create the UT Dell Campus for Advanced Research in north Austin and will host UT MD Anderson Cancer Center. University officials said the gift will also support undergraduate scholarships, student housing and the Texas Advanced Computing Center. The pledge was presented as part of a broader effort to strengthen UT's medical research profile. Key details: - Michael and Susan Dell pledged $750 million to the University of Texas. - The gift will establish the UT Dell Campus for Advanced Research in north Austin, near Braker Lane and just west of MoPac, and will host UT MD Anderson Cancer Center. - The donation will underwrite undergraduate scholarships, student housing and support for the Texas Advanced Computing Center; UT officials announced the Dobie Center residence hall will be renamed Dell House. - The university has a stated goal of raising $10 billion over 10 years to boost its medical center into the top 10 nationally. - Michael Dell is reported as worth about $172 billion by Forbes, and the Dells recently pledged $6.25 billion for accounts for children under 10. Summary: The $750 million pledge is described by leaders as a major contribution to a new research, computing and medical campus and to student and computing resources at UT. Officials framed the gift as a step toward elevating the university’s medical research profile nationally. The announcement did not include a detailed implementation timeline. Undetermined at this time.