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AIM Employees Give $5.5 Million for Finance Education
Houston businessmen Gary Crum and Bob Graham and 63 employees in their AIM Management Group gave $5.5 million for endowments supporting finance education programs in the McCombs School of Business at the University of Texas at Austin.
Of the gift, $4 million is for an endowment for a new academic center for the study of investment. The new AIM Investment Center will support research in investment management, capital markets and other areas of finance.
“Since the start of the MBA Investment Fund in 1994, Gary, Bob and the AIM Company have been important strategic partners in the development of our investment management education and research program,” said Dr. George Gau, chair of the department of finance at UT Austin. “We are proud to have them involved with our program and very grateful for their financial support.”
Crum is a member of the Fund’s board of directors and a frequent hirer of MBA Investment Fund students. Both Crum and Graham are alumni of the UT Graduate School of Business and both serve on the McCombs School Advisory Council.
Crum, Graham, and the 63 employees also created a $1 million endowment to support the school’s Trading Room. MBA students managing the investment fund use the facility — a replica of a Wall Street trading room. The $1 million endowment will provide for equipment upgrades and renovations to the room, which will be renamed the AIM Trading Room.
The remaining $500,000 of the gift went into an endowment for renovations and future enhancements to the reading room in the McCombs School of Business. It has been renamed the AIM Reading Room.
For information on specific programs at the McCombs School, consult our contacts page. For media information, contact the Communications Director by phone at 512-471-3314 or by email at CommunicationsDirector@mccombs.utexas.edu.
