University of Texas at Austin
Student passes Red McCombs portrait at the School of Business.

The McCombs Legacy

McCombs School of Business McCombs School of Business

Celebrating the 20th anniversary of Red and Charline McCombs’ multi-million-dollar gift

Red McCombs portrait
Businessman Red McCombs donated
the largest gift UT had then ever
received in 2000.

This year marks the 20th anniversary of the immense generosity of Red and Charline McCombs. Their unprecedented $50 million gift to The University of Texas at Austin’s business school marked the largest donation UT had received in its then 117-year history. The gift not only gave the McCombs School of Business its name but transformed it.

“My hope is that this gift will allow the school to be one of the very best in the world, period,” Red McCombs said at the May 11, 2000, gift announcement.

Because of the donation, the school was able to recruit and retain star-quality faculty members, attract exceptional students, offer scholarships, and instill the school with an ambition to dream big.

McCombs was always grateful for his educational experience and wanted others to have the same opportunity. “I could never have had the access that I’ve had and to get in the position to do the things that I’ve done without The University of Texas,” he said.

We honor the McCombs family for its leadership and vision and invite you to celebrate with the UT community in learning more about this gift, its impact, and its legacy.

Read more about Red McCombs’ history and connection to the business school, why the McCombs family decided to give, and the lives that have been transformed because of this extraordinary generosity.