MU gets $30 million gift for journalism institute

A University of Missouri journalism think tank has received one of the largest gifts in school history to continue research into the digital future of news.

School leaders announced a $30.1 million endowment donation this morning to the Reynolds Journalism Institute.

That is the second largest donation ever made to the university.

The biggest gift was a $31 million contribution from the Donald W. Reynolds Foundation in 2004 to create the digital research center.

MU Chancellor Brady Deaton said, â??Itâ??s an endowment that will guarantee that 100 years from now work is going on with the premise of the ideas that led to this gift. Those are very vital for our country and for our school, the University of Missouri.â??

The $30.1 million donation establishes a permanent endowment fund to cover the instituteâ??s ongoing operating expenses.