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Racino Owner Donates $2 Million to University

25 April 2005

NEW MEXICO – As reported by the Las Cruces Sun-News: "Sunland Park Racetrack & Casino owner Stan Fulton gave $2 million to New Mexico State University in January, a donation only recently announced by NMSU.

"The donation was unrestricted, meaning Fulton didn't designate it for a certain program or purpose.

"NMSU President Michael Martin said $1.2 million of the donation will go to the graduate school to provide financial assistance and other support for graduate students. The money is important, he said, because the university offers much financial aid to undergraduate students, but 'we haven't invested a lot of our outside money in graduate students.'

"…Linda Lacey, dean of the graduate school, said money from the gift will start an endowment to fund merit-based awards, called enhancement awards, for graduate teaching and research assistants. Fifteen students each received an enhancement award -- a one-time, $4,000 award -- this year, she said.

"Without the $1.2 million gift, the graduate school wouldn't have been able to continue the awards next year. About 3,100 graduate students attend NMSU…"

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