"The University of Kentucky has received a $150 million gift -the largest in the institution's history-to create a new home for the arts on the Lexington campus. The donation comes from the Bill Gatton Foundation, established by the late Carol Martin "Bill" Gatton, a 1954 alumnus who bought a chain of car dealerships and then invested his earnings in banking and real estate."
""Place matters. And Mr. Gatton's place was always Kentucky," UK president Eli Capilouto said in a statement. "More than most, Mr. Gatton understood so well that we advance as a state in so many ways-health and education, the economy and the well-being of our people. But he knew, too, that there must be places and spaces to gather, to convene, to come together, to share and have our horizons expanded and our souls replenished.""
The Bill Gatton Foundation donated $150 million — the largest gift in the institution's history — to create a new home for the arts on the University of Kentucky's Lexington campus. The foundation was established by the late Carol Martin 'Bill' Gatton, a 1954 alumnus who built wealth through car dealerships, banking, and real estate and who has previously given more than $200 million to the university. The gift will fund a College of Fine Arts building, a several-hundred-seat theater, and a pavilion with sculptures and green space. The project is slated for completion in 2030 and awaits state legislative approval of construction debt.
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