In October 2011, the university announced what was then the largest private gift in the history of the Montana higher education system─$25 million from MSU alumnus Jake Jabs, president and CEO of American Furniture Warehouse. Eighteen and a half million dollars of the gift went toward the construction of a new building, Jabs Hall. The remainder of the gift funded new scholarships and academic programs. The School of Business was renamed the Jake Jabs College of Business & Entrepreneurship in 2013.
