Samford receives historic $100M gift from estate of Marvin Mann

BIRMINGHAM, Ala. (BP) – Samford University has received the largest single donor gift ever received by an institution of higher education in Alabama – $100 million from the Marvin Mann estate.

Samford President Beck Taylor made the announcement during a May 12 news conference from the steps of Centennial Walk in the center of campus.

“This is a historic day in the life of Samford University, the state of Alabama and for all the communities in which Samford calls home,” Taylor said. “We are humbled and overjoyed to be the beneficiaries of this transformational act of generosity. What an amazing day in the life of Samford University.”

Mann, an esteemed alumnus and benefactor of Samford, died March 19. An April 2 funeral service was held on Samford’s campus in Andrew Gerow Hodges Chapel.

Primarily for scholarships

The Mann Center will receive $5 million of the estate gift as an addition to the existing endowment for future work. The remaining $95 million will be used for undergraduate and graduate endowed scholarships. University officials estimate Mann’s gift will benefit more than 100 students each year.

“This endowment once fully invested is expected to provide approximately $3.75 million annually to support and expand access to individuals seeking a Samford education,” Taylor said, noting university administrators are currently working to determine exactly where and how to invest the money in relation to existing endowments or creating new endowments. Four to 5 percent of the earnings from these investments will be used for the scholarships. The Mann gift brings Samford’s total endowment to about $470 million.

“This puts Samford in a new category of institutions that celebrate endowments in the half-billion dollar range,” he said. “Those funds will be available to perpetuity. That provides that stable foundation of support [to] confidently offer student scholarships each year because we carefully protect them.”

Samford student government president Micaiah Collins shares Taylor’s enthusiasm for the financial gift. “My main job is to represent students and to make sure their voices are heard and make sure they know there is scholarship money available to continue to excel and thrive in this community and possibly an opportunity for others to be part of this community.

“Mr. Mann’s gift makes me want to make sure we are investing in this community and investing in each other,” Collins told The Alabama Baptist following the announcement. “Just like Mr. Mann can make a $100 million donation, we can do things, small things to make it what it should be.”

Mann, a Birmingham native and 1954 Samford graduate, worked 32 years with IBM before helping to found Lexmark International, Inc. in 1991 where he served as chief executive officer and chairman until 1999.

“From the day I met Marvin Mann, I knew that he would become a mentor and friend. His incredible success as a corporate executive was matched only by his humility, faith and care for others,” Taylor said in a March 24 article on Samford’s website. “Marvin’s impact on Samford has been and will continue to be transformative as students benefit from the scholarships and centers in Marvin and his wife, Frances’, name. Samford is stronger and lives into its mission more faithfully because of Marvin’s love and commitment to this place.

“When I spoke with Marvin last fall, nearly 15 years after establishing the Mann Center, he continued to voice his desire to see Samford’s students develop through virtue and character education. He was an inspiration to me.”

Committed to ‘virtuous living,’ ‘moral responsibility,’ ‘ethical behavior’

Samford president emeritus Andrew Westmoreland, who serves as the executive director of the Mann Center, said, “Without doubt, Marvin Mann was one of the most significant of Samford’s many esteemed graduates of the past 180 years. His impact will endure and expand as future generations of students live and learn at Samford.”

The Mann Center is an endowed, university-wide unit that promotes student development and enriches teaching and scholarship in the university’s 10 academic schools.

“Mr. Mann … wanted the programs to reflect the lessons of respect, integrity and virtuous living that came to be hallmarks of his own personal and professional development,” Westmoreland said. “He wanted each student to be imbued with a sense of moral responsibility and ethical behavior.”

The center provides resources to students, faculty, staff and Alabama nonprofits in order to promote the understanding and practice of positive character and servant-leadership. Mann’s legacy and vision continues today.

Since its founding, the Mann Center has established more than 130 community partnerships, created 180 engaged learning courses and currently provides more than 30 weekly volunteer opportunities each semester.

Mann received several of the university’s honors, including Alumnus of the Year in 2004 and Samford’s first Ethics-in-Business Award in 2006. The award, which was renamed as the Marvin Mann Ethics-in-Business Award, recognizes individuals who embody professional achievement and personal integrity, who display an uncommon commitment to leadership through service, and who have left their marks of influence on institutions and industries without compromising Christian virtue or charity. He also received an honorary doctorate in commerce from the university in 1993.

Platform personalities

Joining Taylor in the May 12 announcement were Bill Stevens, chair of the board of trustees; Randy Pittman and Betsy Holloway from the office of university advancement; Homewood Mayor Patrick McClusky and Birmingham Mayor Randall Woodfin.

Representing the alumni, Woodfin expressed gratitude to the Mann family and noted how the gift will ensure an opportunity exists for students to experience Samford well into the future. “We honor the gift of his life and generosity for God, for learning, forever.”

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Coverage by Jennifer Davis Rash/The Alabama Baptist with background reporting by Holly Gainer/Samford University