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Prominent local landowner and developer Hugh Culverhouse Jr. and his wife, Eliza Culverhouse, donated $1 million to the Culverhouse College of Commerce at the University of Alabama.
The college, named for Culverhouse's father, Hugh Culverhouse Sr., will use the donation for scholarships to defray student debt, according to a statement. “These new scholarships will make a tremendous difference in the lives of students who are struggling to pay for college,” Culverhouse College of Commerce Dean Michael Hardin says in a statement.
Hugh Culverhouse Sr. owned the Tampa Bay Buccaneers for 20 years. Hugh Culverhouse Jr., an attorney, currently owns Palmer Ranch, a 5,500-acre master-planned community in central Sarasota County.
The donation was named the Eliza and Hugh F. Culverhouse Student Assistance Scholarship. The first scholarships will likely be awarded this fall, the school says. “My hope is that this gift will help reduce the debt loads that some students face when graduating from college,” Culverhouse says in the statement.
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