URI Receives $35 Million Donation from PawSox Owner
The University of Rhode Island (URI), an NEC member, has received a $35 million donation from Thomas M. Ryan, the President and CEO of CVS, and his wife Cathy. An alumnus of URI, Mr. Ryan’s contribution is the largest in the University’s history. Mr. Ryan is also one of the thirteen current owners of Pawtucket Red Sox minor league baseball team, who are in the midst of relocating to Worcester, MA, for the 2021 season.
The gift will provide monumental funding for the university, including a wide expansion of neuroscience research and teaching capabilities, as well as the establishment of a scholar’s program to attract high-performing students. The George & Anne Ryan Institute for Neuroscience will receive $24 million of the donation and $10 million will be used to create the Thomas M. Ryan Scholars program. The final $1 million will be given to URI’s men and women’s basketball programs. The Ryans have donated over $56 million to the university, first in 2013 with a $15 million gift to establish the Ryan Institute.
“This extraordinary gift demonstrates their commitment to all aspects of the URI experience, including the mission of academic excellence within our student body, the vital research taking place in the Ryan Institute for Neuroscience, and the community spirit that comes from excellence in athletics,” said URI President David Dooley.
The Council celebrates the Ryans’ generous donation to URI and commends their commitment to improving university’s facilities and programs.