H-E-B leader gifts $5 million to historic Houston-area university for future students

H-E-B leader gifts $5 million to historic Houston-area university for future students

HOUSTON, Texas -- The leader of the Lone Star State's beloved H-E-B has bestowed a monumental gift upon a historic Houston-area university. On Nov. 17, Prairie View A&M University announced that H-E-B chairman Charles Butt - one of America's favorite CEOs and member of one of Texas' richest families - donated $5 million to create Founders Scholarships for incoming PVAMU students. "The $5 million gift will provide a permanent endowment to support students today and in the coming years," a release noted. "Initially generating approximately $200,000 a year for scholarships, the fund will grow significantly in coming years, making even more available to support students." For more on this story visit our partners at Culturemap. On Nov. 17, Prairie View A&M University announced that H-E-B chairman Charles Butt - one …
More on: abc13.com