OKLAHOMA CITY - A $5 million gift from the Love family will fund several entrepreneurship programs on the University of Oklahoma campus. 

Several attendees gathered at the formal dedication on campus, Thursday. The sizable donation made by the Tom and Judy Love Foundation to the Michael F. Price College of Business will fund the Tom Love Innovation Hub, a resource for Oklahoma's entrepreneurs to design, experiment, and bring new ideas. 

 During the ceremony, the business college’s dean highlighted the impact of the gift.

“One of the most important dimensions of the Tom Love Innovation Hub is its openness to all entrepreneurs – whether they are students, faculty, staff or members of Oklahoma’s many communities,” said Price College Dean Daniel W. Pullin. “As the Love family has done so much to support each of these stakeholders over the years, it is only fitting that this investment brings the best of Oklahoma together to build a stronger future for us all.”

President Boren also reflected on the significance of the donation for students. 

“The Love family provides valuable opportunities for our students so they can build a better future for themselves and our state,” said OU President David L. Boren. “We are grateful for all Tom and Judy have done and continue to do for our community.”

Students have already started putting the IHub’s resources to good use. They created hardwood phone stands with integrated acoustic channels and an etching of the center’s logo as a gift for attendees at the dedication ceremony.

Tom Love said he is passionate about helping future generations achieve success and is thankful to have a business with sustained growth for more than 50 years.

“Our company would not be where it is today without our entrepreneurial spirit and commitment to making a difference,” said Love. “I hope the investment from my family helps inspire Oklahoma’s next generation of bold innovators.”