Stephens Greth Foundation donates $50 million to UT Austin

The Stephens Greth Foundation has committed $50 million to the University of Texas at Austin to support engineering infrastructure and student scholarships. The donation is intended to honor the legacy of Autry C. Stephens, the founder of Endeavor Energy Resources.

According to the foundation, approximately $30 million will fund the Autry C. Stephens Engineering Discovery Building, a 207,000-square-foot facility that opened in September. An additional $5 million is designated for a lecture hall, while $15 million will establish the Autry C. Stephens Scholarship.

The scholarship specifically targets students from the Permian Basin. This funding will be matched 1:1 through the Texas Challenge, a UT System initiative designed to increase scholarship availability for students from middle- and low-income families. The foundation's contribution completes the challenge, which has helped create 615 new scholarships and $320 million in total new scholarship funds.