California couple pledges $32 million to Rice

CONTACT: B.J. Almond
PHONE: (713) 348-6770
E-MAIL: balmond@rice.edu

California couple pledges $32 million to Rice
McMurtrys will help build 10th residential college at their alma mater

Houston natives Deedee and Burt McMurtry have proven that their reputation as two of Rice University’s most generous supporters is well-deserved by pledging an additional $32 million to their alma mater, Rice President David W. Leebron announced today.   

“Deedee and Burt have been both extraordinarily generous and tireless in their support of Rice,” President Leebron said. “Like true philanthropists, they have always responded to the university’s most pressing needs and have provided inspired volunteer leadership that has impacted the lives of many generations of Rice graduates. With this new pledge, coupled with earlier, undesignated gifts, the McMurtrys will help us make some strategic investments as we begin to implement our Vision for the Second Century.”

The university will use the McMurtrys’ earlier undesignated gifts, plus a portion of the new pledge, to create a long-term operating and maintenance fund to support Rice’s 50-year-old residential college system, which Burt played a role in planning back when he was a student at Rice. He was a student representative on the 1955 committee that set out the original mission and basic organizational design of the residential colleges. Under this living arrangement, each undergraduate student is a member of one of nine residential colleges. Each college has its own dormitory, dining hall and public rooms; a faculty master lives in a house adjacent to each college.

“We have long understood that the residential college system is a truly distinctive feature of undergraduate education at Rice,” said Deedee McMurtry. “As Rice moves into its second century, we want to do our part to help preserve it for future generations of students.”  

In addition, the McMurtrys will also make a contribution toward the construction of Rice’s 10th residential college. Robin Forman, dean of undergraduates, underscored the importance of this new college.

  “Rice is about to embark on a 30-percent expansion of the undergraduate student body,” he said. “To carry this out while preserving, and even enhancing, the unique residential nature of undergraduate education at Rice, we need to build two additional colleges. We could not be happier that the McMurtrys will help us build the first of these two new colleges.”  

Recognizing their lifetime of generous contributions to Rice, their volunteer leadership and their commitment of time to their alma mater, Rice will name the 10 th college “Burton and Deedee McMurtry College.”

“Naming a residential college is one of the most enduring legacies at Rice, and there is no alumni couple more dedicated to the aspirations of Rice than Burt and Deedee McMurtry,” said James Crownover, chairman of the Rice Board of Trustees. “We are thrilled to add ‘McMurtry’ to the list of distinguished names attached to our residential colleges. We were truly sorry to see Burt leave the Rice board to become chairman of the board at Stanford University, but we could not be more grateful for Burt and Deedee’s enduring love for their undergraduate school.”

Burt and Deedee McMurtry met at Houston’s Lamar High School but did not begin dating until they came to Rice. He was the Student Association president, and she was the vice president. Deedee McMurtry received her B.A. in English from Rice in 1956. She is currently an active civic volunteer in the Silicon Valley, including serving on the Director’s Advisory Council at the Cantor Art Museum at Stanford University.  

Burt McMurtry received B.A. and B.S. degrees in electrical engineering from Rice in 1956 and 1957, respectively. He continued his education at Stanford, where he earned an M.S. and a Ph.D. in electrical engineering in 1959 and 1962, respectively. A Rice University trustee emeritus, Burt McMurtry is currently a private investor and a founding partner of Technology Venture Investors (TVI) and Institutional Venture Associates (IVA) in California. His venture firms have backed such companies as KLA-Tencor, Adaptec, Altera, Compaq, Intuit, Linear Technology Corp. and Microsoft.   

The McMurtrys have a long history of generous support to Rice University. They have established two endowed professorships and two endowed scholarships. The McMurtrys have given major support to the Rice Annual Fund, the Class of 1956 Scholarship Fund and Duncan Hall, where McMurtry Auditorium is named in their honor, in addition to many other areas of the campus.

“As Rice prepares to enter its second century with a new vision, now seemed the right time to make an additional investment in Rice and strategically combine some of our past support with new gifts to help David Leebron achieve his goals for the university,” said Burt McMurtry. “We are glad that it all came together at a time when we could be helpful.”