Oklahoma University Receives $9M Gift

Article excerpt

An Ardmore accountant who insisted on anonymity for the gifts he made to the University of Oklahoma during his lifetime has left OU the largest estate gift in its history.

The estate gift of David C. Steed, a certified public accountant in Ardmore for nearly 50 years, totals more than $9 million, said David Boren, OU president.

The School of Accounting is the primary beneficiary of the gift, with $3.5 million in contributions for scholarships and five new faculty positions. When matched by the State Regents Endowment Program, the accounting portion of Steed's gift will total $5.75 million.

The OU Board of Regents on Thursday formally approved naming the school as the John T. Steed School of Accounting in honor of David's father, who established the Steed accounting firm in 1924. The elder Steed was one of the first certified public accountants in Oklahoma.

The Weitzenhoffer Family College of Fine Arts and the College of Arts and Sciences are the other beneficiaries of the estate gift. …