LAS CRUCES, N.M. (AP) — New Mexico State University says it has received a financial gift to establish an endowed chair in entrepreneurship and a scholarship for business students.
The gift comes from alumnus Bill Sheriff and his wife through stock valued at more than $1 million.
University officials are hopeful the gift will attract and reward faculty who provide leadership and expertise in cultivating a spirit of entrepreneurship in New Mexico.
The faculty member awarded the chair will also collaborate with NMSU’s Arrowhead Center, which is an engine for sustainable economic development and entrepreneurship.
Aside from the endowed chair, the Sheriffs have established a scholarship for eligible business majors with an additional gift of more than $60,000.