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Shock the World Campaign
In This Issue

       

Shock the World Campaign
WSU receives largest one-time cash gift


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Making remarks at the news conference on May 16 were, from left, Steve Feilmeier, Elizabeth King, Wayne Woolsey and Anand Desai

Audible gasps and a standing ovation greeted the news WSU Foundation President and CEO Elizabeth King delivered to a packed room May 16: Wayne and Kay Woolsey had made a record-breaking $12 million gift to Wichita State, with $10 million dedicated to a new home for the W. Frank Barton School of Business.

Sitting in the front row, Wayne Woolsey quietly acknowledged the applause with small nods of his head, occasionally glancing at members of his family who accompanied him at a news conference to announce the largest one-time cash gift ever to the WSU Foundation and Wichita State. The family included his son Marc, a 2005 graduate of the Barton School.

A new facility for the Barton School on the WSU Innovation Campus is the top priority of the Shock the World Campaign. The Woolsey gift brings the business campaign amount raised to $21.5 million for the $50 million project. The Foundation is committed to raising at least half of the total cost from private donations. The more that is raised privately, the less the financial burden on the university and students to complete the project.

Dr. John Bardo
Dr. John Bardo

WSU President John Bardo, who was attending a Kansas Board of Regents meeting that day, shared remarks in a pre-recorded video, telling the Woolseys that their success in the oil and natural gas business made their support of the business school building all the more meaningful. “To have you in the forefront of where we are going as a university is truly a blessing,” he said.

At the Regents meeting, the board approved Bardo’s request to name the new building the Wayne and Kay Woolsey Hall, in recognition of the couple’s gift.

Barton School Dean Anand Desai also spoke, saying a new facility for the business school will help Wichita State distinguish itself from the competition for top students. “By providing a space for our students and faculty to work alongside business partners, we will create an applied learning experience unmatched in our region,” he said.

Steve Feilmeier, co-chair of the Business Building Leadership Council, which helps raise funds for the facility, said Clinton Hall, current home of the Barton School, doesn’t have the space, technology or functionality to give students the experiences they need for today’s business world.

“Business today is done very differently from how it was done 40 years ago,” said Feilmeier, executive vice president and chief financial officer of Koch Industries. “If you don’t have the right kind of (business school) facility, you can’t make interactions happen that need to happen. Waiting until you’re in business to have this kind of education, that’s not going to work.”

During his remarks, Woolsey shared some of his experiences as an oil and natural gas producer, saying he hopes his gift will help today’s students become tomorrow’s entrepreneurs and business leaders.

Transforming Business Education: Your support is vital to the project


With this gift from Wayne and Kay Woolsey, fundraising for the new home for the Barton School took a huge step forward. But much work remains to reach the goal of at least half of the total cost raised from private funds.

“It would be exciting if every person who has benefitted from their business degree from WSU would contribute to this project,” said Elizabeth King, WSU Foundation president and CEO. “Pay it forward and help carry on the Barton School legacy.”

Business Building

For more information

If you are interested in learning more about the new home for the W. Frank Barton School of Business, contact Angela Dudley, WSU Foundation senior development director, at 316.978.7837 or angela.dudley@wichita.edu.

Angela Dudley