The university said Wednesday the donation from the Marion and Henry Bloch Foundation will be divided between for three projects.
Most of the donation, $11.8 million, will be used for hiring and developing new faculty and new academic programs, and to enhance existing programs. Another $8 million will go toward improving the 110-year-old Bloch Heritage Hall building at the Bloch School of Management. The remaining $1.2 million will be used to improve student retention, graduation rates and career placements.
The Kansas City Star reports the university earlier this month announced receiving $5 million of a $15 million gift from the Sunderland Foundation. It also comes after a $20 million scholarship program was announced.