President Julio Frenk announced a $100 million gift from mega donors Dr. Phillip and Patricia Frost to support a new initiative in basic and applied science and engineering education. The announcement came at Frenk’s inauguration ceremony at the University of Miami’s BankUnited Center Friday afternoon.
“I am delighted to announce a major new initiative to support basic and applied science and engineering, thanks to an extraordinary gift of $100 million from Phillip and Patricia Frost. Their generosity will carry us further and faster in our quest for excellence across all domains critical to 21st century advances,” Frenk said in his address.
The Frosts were honorary co-chairs of the inauguration.
UM named the school of music after the Frosts in honor of their $33 million donation in 2003. They have also poured millions into projects throughout Miami, such as the Patricia and Phillip Frost Art Museum at Florida International University.
The ceremony—which Frenk chose to have after 100 days of listening to the community—was attended by students, faculty, staff, administrators, alumni, and representatives from other universities.