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."
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