A University of Nebraska-Lincoln graduate who just made a big contribution to the school has died.
Glenn Korff last week donated $8 million to the School of Music at UNL, which pending approval by the Board of Regents, will be renamed the Glenn Korff School of Music to honor his generosity.
The money will fund an endowment. Half of the endowment’s proceeds will benefit students and faculty with the other half under-writing academic programs and activities.
The money will be spent in a specific manner. Each year, a quarter of the income from the endowment will provide scholarships to both undergraduate and graduate students. Another quarter of the funds will benefit faculty through support for teaching initiatives, research, creative activities, and professional travel among other things.
The rest of the money will be used to support academic and program activities within the school, such as concerts, recitals, tours, competitions and academic conferences.
Korff is a native of Hebron. He lived in Boulder, Colorado. He graduated from the University of Nebraska in 1965 with a degree in chemistry. During his college days, Korff was a member of the Kosmet Klub, a male musical and comedy ensemble, in which he was a set designer. He received an MBA in finance from the University of Pennsylvania in 1968 and retired from Goldman Sachs.
UNL sent a 15-percent marching band to Boulder last week to thank Korff for the gift.
The UNL School of Music began in 1894. It has 430 undergraduate and graduate students enrolled.