UAB's School of Business has received a $25 million gift.
The university has also renamed the school of business in honor of longtime supporters Charles and Patsy Collat, who made the donation.
UAB got approval to change the name from the University of Alabama Board of Trustees. UAB is also about to launch its most ambitious fundraising campaign to date, with the Collat donation as the lead gift.
"It's going to give the school of business a chance to build a truly national and international reputation in two areas, industrial distribution and innovative entrepreneurship," UAB President Ray Watts said.
Charles Collat is former CEO of Mayer Electric Supply Company, Inc.
Copyright 2013 WBRC. All rights reserved.