Indiana University School of Law—Indianapolis is changing its name, in recognition of an alumnus who has given the school its largest donation ever.
Robert H. McKinney, a local attorney, banker and civic leader, has donated $24 million to the public school. With matching funds, the total value of the gift will reach $31.5 million.
The 1,000-student law school, will now be known as the Indiana University Robert H. McKinney School of Law.
Funds will be used to help attract and retain nationally recognized scholar-teachers to the faculty. The gift will also create a $17.5 million endowment to fund McKinney Family Scholarships for outstanding students.
“This gift will be instrumental in our efforts to attract nationally renowned legal scholars to our law school in Indianapolis, as well as top-flight students from around the country, and we are deeply grateful to Bob for his generosity,” said Indiana University President Michael McRobbie, in a statement.
McKinney made his millions as the founding partner of Bose McKinney & Evans LLP, one of the largest law firms in Indianapolis, until 1992. He went on to become chairman and CEO of First Indiana Corp., parent company of First Indiana Bank (now known as M&I Bank), until his retirement in 2005.
Because of McKinney's involvement in community-based banking, President Jimmy Carter appointed him to chair multiple federal banking, insurance, mortgage and loan agencies.
He's not the only grad to go on and lead a locally-based company. Approximately 80 CEOs of companies headquartered in Indiana are alumni of the law school, as are the chief of the U.S. Transportation Security Administration, a former U.S. vice president and members of Congress.
In recent years, the school has amped up its offerings in areas of public health, intellectual property law, state and local government law, environmental law and international law.
McKinney, a director of the Indiana University Foundation, has been an avid donor to his alma mater for years, having also funneled money into the Robert H. McKinney Law Professorship and the Bose McKinney & Evans Sherman Minton Moot Court Competition.