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$5 million gift from Hebron Brick CEO is largest ever for MSUM, will fund business school scholarships

Moorhead -- The CEO of a brick-making company and his wife have donated $5 million to Minnesota State University Moorhead, university officials announced Tuesday morning.

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Minnesota State University Moorhead (FNS photo)

Moorhead -- The CEO of a brick-making company and his wife have donated $5 million to Minnesota State University Moorhead, university officials announced Tuesday morning.

The donation from Rodney and Carolyn Paseka is the largest in MSUM’s history.

The business college at MSUM will be renamed in their honor as Paseka School of Business, MSUM President Anne Blackhurst said.

"The naming of the school was secondary to what my purpose in this gift is," said Rodney Paseka, CEO of the Fargo-based Hebron Brick Company. "This is less about me than it is those students."

At least 80 percent of the endowment created by the donation will go toward scholarships for business school students. The rest could go to student or faculty research, faculty positions and program development or other uses. 

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Check back for an update on this developing story.

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