Story by Jeff Toquinto. Bob and Laura Reynolds have a history of giving back and making a difference through their philanthropy.
That was never more evident than today (Feb. 10) when West Virginia University announced that the Boston couple is giving $10 million to the WVU College of Business and Economics. The gift will provide initial funding for a building in their names at a new business school complex on Morgantown’s waterfront, as well as propel other academic components of business education at B&E
Bob, a 1974 finance graduate of the WVU College of Business and Economics and a member of the WVU Foundation board of directors, is president and CEO of three multinational companies: Putnam Investments, Great-West Financial and Great-West Lifeco U.S., Inc. The couple has been philanthropic at WVU, as well as in Boston and West Palm Beach, Florida, where they are residents.
“About five years ago, we began talking with folks at the College of Business and Economics and the Foundation about B&E’s vision for the future — and how we might be a part of that,” Bob Reynolds said. “Now we’ve come together on a vibrant plan for a new business school building and other amenities that will revitalize and transform Morgantown’s waterfront. This is a plan we’re proud to support.”
The leadership gift will be part of the highly successful “A State of Minds” comprehensive private fundraising campaign for WVU, of which Bob Reynolds serves as co-chairman. The campaign, which runs through the end of the year, has raised $1.069 billion through December 31.
Laura Reynolds pointed to the vision outlined by WVU President Gordon Gee and College of Business and Economics Milan Puskar Dean Javier Reyes, as well as the impact the gift would have on West Virginia University as a whole. “We feel highly confident about investing in the future that President Gee and Dean Reyes are building here,” she said, “and we’re excited to be part of this new and transformational initiative for business education.”