The University of Northern Iowa is entering into a new era for its business college.

Over the weekend, the college in Cedar Falls celebrated a major win against the University of North Dakota in a blowout game. This was the perfect cherry on top to a fantastic homecoming week for the panthers.

Former students flocked back to Cedar Falls for the festivities, and one notable alumnus even made a huge donation to his alma mater.

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On Friday, October 20th officials from the University of Northern Iowa broke the news that a historic pledge was made that will benefit its business school. An alumnus pledged a gift of $25 million to UNI, this is the largest single gift in the college's history.

Officials confirm that this sizable donation will "chart a bold path for the future of the College of Business, fueling strategic initiatives and investing in faculty and students."

The College of Business will be renamed to honor the former student who gave the college millions of dollars.

Photo By: Elwin Huffman - Townsquare Media
Photo By: Elwin Huffman - Townsquare Media
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What Will the College Be Called Now?

Officials confirm that pending approval by the Board of Regents the business school will be renamed the David W. Wilson College of Business. This will be the very first named college at UNI.

The donation establishes the Wilson Endowment for Integrity and Excellence. A portion of this gift will also set up the Wilson Scholars Fund which will give renewable scholarships for students from Tama County.

Who Is This David Wilson Guy Anyway?

David W. Wilson is a 1970 graduate of the University of Northern Iowa and a Tama County native. Traer is Wilson's hometown.

The alumnus also is the chairman and CEO of Wilson Automotive, which is one of the largest privately held auto dealerships in the nation, according to reports.

“This gift to UNI is made in the hope that this money will transform the university; transform the College of Business,” David Wilson said in a statement.

“I’m hoping this gift will ensure students will learn to do things the right way.”

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