DU receives $5M gift from rental-car company CEO

September 25, 2012

Denver Business Journal

University of Denver alumni Andy and Barbara Taylor have made a gift of $5 million to the school, which will establish the Taylor Family Undergraduate Career Services Center at DU’s Daniels College of Business, the school announced Tuesday.

Andy Taylor is chairman and CEO of Enterprise Holdings, parent company of the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands.

The career services center is designed “to help undergraduate students explore business majors and career paths, prepare for internships and interviews, advance their own professional development and build their own successful business networks,” according to the school.

Half of the Taylors’ gift will establish scholarships for internships taken for course credit. Internships provide students with the practical career experiences they need in order to be successful throughout their careers. Through an internship experience, students are able to directly test and expand the skills they learn in class. Additionally, internships are often unpaid or paid at a low rate of compensation. These scholarships are intended to support students while they pursue internship as part of their course of study in the Daniels College of Business.

DU matched that $2.5 million, for a total of $5 million going to scholarships.

“This is a spectacular gift from Andy and Barbara Taylor,” said Daniels Dean Christine Riordan. “Andy and Barbara understand that engaged student learning — with real-world experience from internships, professional networking, and personalized attention — prepares them to be ethical business leaders.”

In 2011, the Taylors gave DU a gift of $5 million to pay for Taylor Scholarships, designed to foster diversity among undergraduate students at Daniels. Previously, the Taylors gave $1 million to establish the Taylor Scholarship endowment. DU matched the Taylors’ 2011 gift of $5 million, bringing the total Taylor Scholarship fund to $11 million.