The College of Business Administration at Kansas State University has received a $20 million gift from Paul and Sandra Edgerely. (Courtesy photo)

MANHATTAN — A $20 million gift has been bestowed on the Kansas State University College of Business Administration.

Paul and Sandra Edgerley of Brookline, Massachusetts made the donation recently to support the college’s recently adopted five-year strategic plan and vision. The Edgeleys’ gift helps the college get nearly halfway to its goal of doubling its endowment from $50 million to $100 million by 2021. It will fund a new Digital Learning Repository, a new Center for Financial Analysis and enhances efforts in four key areas including corporate engagement, student recruitment, branding and marketing of the college and data-driven decision making.

A release from the College of Business Administration says some of the goals over the next few years include increasing the four-year graduation rate, growing the college by 500 students, including increasing the multicultural student population. The college also hopes to increase engagement between students and companies, increase the number of internships, job offers to students and the average starting salaries of graduates.

Paul Edgerley received his degree in accounting from Kansas State University in 1978. In 2004, Edgerley was named the Distinguished Business Leader of the Year by the college and was inducted into the college’s Business Leaders Hall of Fame.

In a statement, Kansas State University President Richard Myers said the Edgerleys’ investment “not only elevates the college but brings prestige to the university and helps propel K-State toward being nationally recognized as a Top 50 public research university.”

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