In a monumental and transformative development for the University of Kansas (KU), alumnus and long-time supporter David G. Booth has pledged a record-breaking $300 million gift to KU Athletics. This gift stands as the largest in university history and one of the most generous in the history of collegiate athletics. It will fuel the continued renovation of David Booth Kansas Memorial Stadium, catalyze the development of the Gateway District, and provide long-term support for athletic programs across the university.
The announcement was made in August 2025 and immediately captured national attention. With this act of generosity, Booth not only deepens his own long-standing connection to KU, but also sets a new standard for philanthropic investment in college sports infrastructure and strategic program funding.
Overview of the Gift
The $300 million donation will be used for both immediate infrastructure projects and sustained athletic program support. KU leadership has shared key details about the allocation and purpose of the gift.
Allocation Summary
| Area of Investment | Details |
|---|---|
| Total Gift Amount | $300 million |
| Gateway District & Stadium | $75 million allocated to Phase II renovations and mixed-use development |
| Athletics Endowment | $225 million to create a sustainable, long-term funding model |
| Largest Gift In KU History | Yes – surpasses all previous single gifts |
| Largest in College Athletics | Among the top in U.S. collegiate athletic history |
| Donor | David G. Booth – KU alumnus, investor, philanthropist |
About David Booth
David Booth is a 1968 graduate of the University of Kansas with a deep legacy of giving to his alma mater. He is the founder and executive chairman of Dimensional Fund Advisors, a global investment management firm. Over the years, Booth has consistently supported KU across academic, athletic, and historical initiatives.
His previous $50 million gift in 2017 helped kickstart the stadium redevelopment, and his name was placed on the stadium as part of that campaign. Beyond financial support, Booth has been an active ambassador for KU, emphasizing the importance of education, excellence, and alumni engagement.
This most recent donation reflects his enduring belief in the university’s potential and his commitment to helping KU compete at the highest levels of collegiate athletics.
Stadium Renovation and Gateway District
A significant portion of Booth’s gift—$75 million—is earmarked for Phase II of the Gateway District and stadium renovation project. This transformative initiative goes far beyond a typical sports facility upgrade. It represents a reimagining of the entire game-day and community experience in Lawrence.
Phase I Recap
Phase I, completed before the 2025 football season, focused on:
- Modernization of the west side of the stadium
- Enhanced player and fan amenities
- Updated press and hospitality suites
- Integration of a new conference center and sports medicine facility
This phase laid the groundwork for a next-generation venue while improving daily operations and game-day logistics.
Phase II Details
The new funds will enable KU to begin Phase II, which will include:
- Renovation of the east side of the stadium
- Construction of mixed-use facilities (hotels, dining, retail)
- Outdoor event spaces and plaza areas
- Student housing and public engagement spaces
- Improved pedestrian and traffic flow
- Additional sustainability initiatives and energy-efficient infrastructure
The ultimate vision is to create a year-round destination that blends athletics, academics, entertainment, and community development—positioning the stadium and surrounding district as a driver of economic growth and cultural vitality.
Long-Term Athletic Program Funding
While the stadium receives high visibility, the most impactful aspect of the donation may be the long-term sustainability it provides KU Athletics. The remaining $225 million from Booth’s gift will be invested to generate a perpetual income stream for Kansas Athletics.
This approach signals a forward-thinking strategy that allows KU to:
- Provide consistent financial support across all sports
- Navigate future changes in college athletics governance and revenue sharing
- Recruit and retain top coaching talent
- Invest in student-athlete development and academic support
- Reduce reliance on ticket sales and television revenue
Such an endowment secures financial flexibility and strategic stability, which are increasingly important as schools across the country face financial pressures and evolving NCAA guidelines.
Statements from University Leadership
KU Chancellor Douglas Girod and Athletics Director Travis Goff both acknowledged the significance of the moment. They emphasized how this gift validates the university’s vision and demonstrates alumni trust and commitment.
Chancellor Girod described the donation as “transformative,” noting that Booth’s generosity will leave a legacy that impacts not only student-athletes, but also faculty, staff, and the broader KU community.
Athletics Director Goff remarked that the gift propels KU into the future by simultaneously addressing facility needs and ensuring financial strength. He also highlighted that Booth’s support sets an example for others who may be considering ways to give back.
Booth himself reflected on his connection to the university, recalling his days working at the stadium and the role that KU played in shaping his life. He noted that his donation was intended not just to improve infrastructure, but to inspire and enable excellence across the board.
Why This Gift Matters
The $300 million contribution carries wide-reaching implications, not only for Kansas Athletics but for the entire university and broader community.
Key Impacts
- Boosts National Profile
KU’s athletic facilities will now rank among the best in the country, supporting recruiting efforts and enhancing the school’s reputation on a national stage. - Secures Financial Future
A perpetual source of funding allows KU to plan for the long term without being overly dependent on short-term revenues or unpredictable markets. - Drives Economic Growth
The Gateway District is expected to attract new businesses, visitors, and investments, bringing economic activity and jobs to Lawrence and the region. - Improves Student and Fan Experience
New facilities will enhance the campus experience for students and improve accessibility, safety, and engagement for fans and alumni. - Encourages Further Philanthropy
Such a landmark gift inspires other donors to participate and contribute to the university’s momentum.
The Future of Kansas Athletics
With the support of David Booth and continued institutional commitment, Kansas is now uniquely positioned to become a leader in both athletics and innovation. The renovation of the David Booth Kansas Memorial Stadium and development of the Gateway District will set new standards for collegiate facilities and fan experiences.
In addition, the endowment-based funding model opens up opportunities to expand sports offerings, invest in cutting-edge technologies, and ensure that all programs—from football to Olympic sports—receive adequate resources.
KU officials have emphasized that this gift is not the end, but a new beginning. It will allow the university to remain competitive in an increasingly dynamic collegiate landscape, where strategic foresight and financial flexibility are critical.
Looking Ahead
As construction on Phase II begins and the athletics department continues to leverage the endowment for programmatic growth, the coming years will be pivotal for Kansas Athletics.
Key developments to watch include:
- Groundbreaking on new Gateway District facilities
- Enhancements to recruitment and training infrastructure
- Expansion of academic support and health services for athletes
- Growth in campus-community partnerships
- New sponsorships and branding aligned with the upgraded facilities
Conclusion
David Booth’s $300 million gift to the University of Kansas is a transformative moment in the institution’s history. It not only accelerates the redevelopment of an iconic stadium and campus district but also establishes a permanent source of financial strength for athletic programs.
This gift is a testament to the power of vision, leadership, and lifelong connection. For Kansas Athletics, it marks the beginning of a new era—one built on excellence, stability, and opportunity.
As KU moves forward with its bold plans, the impact of this donation will be felt for decades, shaping the lives of students, athletes, faculty, alumni, and the broader Lawrence community. The legacy of David Booth’s generosity will not only be visible in brick and mortar, but in the competitive spirit, academic achievement, and shared pride that it enables.
