SIOUX FALLS, S.D. (AP) — Philanthropist Denny Sanford has given $12.5 million to the University of South Dakota's law school which will be renamed the Knudson School of Law in honor of Sioux Falls lawyer and businessman David Knudson, his longtime adviser.
Knudson received his MBA from the university in 1981 and went on to serve as chief of staff for Gov. Bill Janklow before being elected to the state Senate and serving as its majority leader. Knudson is now a senior vice president at United National Corporation.
Law school dean Neil Fulton says the gift is an unrestricted endowment, meaning it has no expiration date. He says it will double the size of the school’s current endowment and will fund up to 10 full-tuition student scholarships for each incoming class for generations, the Argus Leader reported.
Sanford said in a statement that Knudson represents the ideals of the law school. He says Knudson has been his adviser and his attorney for more than three decades.