ConocoPhillips Corp. on Wednesday announced a $1 million donation toward the new home of Oklahoma State University’s Spears School of Business.
In response, OSU said it will name the new building’s social and collaborative area the ConocoPhillips Student Lounge.
“Oklahoma State University is grateful for the continuing support of ConocoPhillips and its employees, including many OSU graduates,” OSU President Burns Hargis said in a statement. “ConocoPhillips is OSU’s largest corporate donor, giving nearly $40 million through the years along with hiring countless alumni. ConocoPhillips is an Oklahoma business pioneer and leader, so we are delighted and grateful the company is helping build the new home for our business school.”
This donation is in addition to ConocoPhillips’ ongoing annual support for scholarships, programs, faculty and facilities across the OSU system.
OSU is scheduled to break ground this year on the new 160,000-square-foot facility that will double the business school’s current space. The new building will include two auditoriums, meeting rooms for group work, incubators for entrepreneurship and gathering rooms.
“We have people spread out over four buildings on campus,” Interim Dean Ken Eastman told The Oklahoman on Wednesday. “Having the new building will allow us to all be together. It will create spaces for our students and allow us to teach them in a more modern, progressive way. Classrooms will be up to date, and the focus will be on interaction.”