MISSOULA — The University of Montana plans to raise money for a new building for its College of Forestry and Conservation after receiving a record $24 million pledge.
The Missoulian reports the donation from Bill and Carolyn Franke and their children was announced earlier this month. The money is going to the College of Forestry and Conservation and the Global Leadership Initiative.
The university will work to acquire funding for a new building as part of the agreement outlining the terms of the donation.
UM President Royce Engstrom says the plans “will be a long-term discussion.” He says it’s too early to identify possible funding sources, location and timing for the project.
The board of regents will discuss the donation and renaming the forestry school after Franke at a November meeting.