Photo courtesy Minnesota Agri Growth Council
Concordia College in Moorhead announced today its business school will be named for agri-businessman and alumnus Ronald Offutt, who made a sizable, but undisclosed gift to the college.
Offutt is chairman and CEO of R.D. Offutt Company and RDO Equipment, and also chair of the Concordia board of regents.
The college says it’s raised $37 million of a $50 million campaign to fund the business school. Concordia officials aren’t saying how much Offutt contributed, but they it’s the largest single contribution in school history.
“This is the kind of impact gift that shapes the history of an institution like ours.” says Interim President Paul Dovre.
The college is spending about $13 million to remodel an existing building for the business school.
The Offutt School of Business is expected to be open when classes start in 2012.