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Tuesday, August 29, 2000
Houston, Texas
Volume 66, Issue 7 

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UH's diversity prompts gift

Charles T. "Ted" Bauer hopes his $40-million gift will expand the UH educational facility to all Houstonians

By Juliana Coutinho
Daily Cougar Staff

A person who has a great interest in education -- that is how the man who donated $40 million to the UH College of Business defines himself.

Charles T. (Ted) Bauer, co-founder and chairman of AIM Management Group Inc., presented the University with the second-largest contribution it has ever received last Wednesday.


Charles T. Bauer

"No major city should be without a great university," Bauer said. "I wanted to do something for the city of Houston, and this donation will enable the University to get the same designation as other important universities in Texas."

Bauer is not a UH alumnus. He graduated from Harvard University and is also a graduate of New York University's Graduate School of Business. So many people have asked why Bauer chose UH for the gift.

"The great ethnic diversity of the population is going to increase rapidly, and Houston needs an education facility for all," Bauer said.

Dean of the College of Business Administration Jerry Strawser was greatly satisfied with the donation.

"Mr. Bauer's extraordinary gift provides the Bauer College of Business with the ability to recruit and retain the top business faculty in the United States," Strawser said.

The UH Board of Regents also registered its satisfaction with the gift by renaming the UH college the C.T. Bauer College of Business, but the philosophy behind it will remain the same.

"This gift will allow us to continue to provide top-quality business education that is accessible to Houstonians and the working people of Houston, consistent with the wishes of Mr. Cullen when he founded the University of Houston," Strawser said.

Bauer said he enjoys the honor of having the college named after him. "It's fun, it's a great honor, and I am very pleased," he said.

Bauer served as a naval aviator during World War II and is now chairman of the 10th-largest mutual fund company in the nation.

Of AIM's 2,500 employees, 400 are UH alumni who manage more than one-third of the company's total assets, Strawser said.

The company has more than $176 billion in assets under management and more than eight million shareholders.

Strawser said the money, given in the form of stock, will be used to develop programs such as e-business and investment services management.

"If I can do anything to make it easier for people to get further education, I'll do it," he said.

"Having a graduate degree certainly opened doors for me, and I am very much interested in education, options and flexibility," Bauer said.
 

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