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Business Observer Friday, Oct. 10, 2014 6 years ago

USF business school receives $25M gift

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Pam and Les Muma have now donated more than $40 million to the school.

TAMPA — The University of South Florida announced a $25 million gift today from entrepreneurs and philanthropists Pam and Les Muma.

It's the largest individual donation in the school's history to name the College of Business, according to a press release. The school will be renamed the USF Muma College of Business.

“This gift elevates USF into the top tier of business schools, one where donors so strongly believe in the mission and vision of the business school that that they are willing to invest in it in a substantial and transformative way,” USF College of Business Dean Moez Limayem says in a press release. “This gift will bolster faculty engagement in the business community. It will also help students become even better prepared for the workplace.”

The gift will establish the Muma Leadership Program, Limayem says. That's designed to help place students on a professional development track. The new resources will allow the college to operate the program, track student participation and offer incentives for top participants, according to a release.

Les Muma is a 1966 graduate of USF and the retired chairman and CEO of Fiserv Inc., a financial industry automation products and services company he co-founded in 1984. He chaired both the USF Foundation board of directors and the first phase of the USF: Unstoppable Campaign. Pam Muma is a founding member of USF Women in Leadership and Philanthropy. She's also the chair of the board of directors of the Tampa General Hospital Foundation; a member of the Florida Health Science board of directors; and is past chair of the board of Junior Achievement of Tampa Bay.

The couple has now given $41.2 million to USF, which makes them the largest individual donors in the school's history. “This gift fulfills a dream of both Pam and myself, to be able to demonstrate in a meaningful way our gratitude to USF and in particular to the USF College of Business for helping us build the foundation upon which our business careers grew,” Les Muma says in the release. “Further, it is our vision and belief that this gift will provide Dean Limayem and his team the resources needed to elevate the Muma College of Business to one of the preeminent business schools in the country, giving many more young students the opportunity to kick start their own successful careers.”

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