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Dale and Kristen Farrand are making a lasting impact at 91��Ƶ through a planned gift in their will, demonstrating their commitment to philanthropy tied to their experiences at 91��Ƶ.

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91��Ƶ’s School of Education celebrated moving into its new home: the Ofelia Miramontes and Leonard Baca Education Building. The milestone was marked with a festive building dedication and community open house.

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The Colorado Combined Campaign allows CU employees to easily support more than 360 nonprofit organizations with one-time or recurring payroll deductions. Donate today and help enhance the quality of life across Colorado.

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The University Libraries received a donation of several historic Asian maps from map collector and 91��Ƶ alumnus Wes Brown. The new maps open up opportunities for researchers and scholars at the university and peer institutions across the world.

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Students pursuing a career in real estate will soon see their learning opportunities sharply appreciated: On Thursday, 91��Ƶ announced a groundbreaking $15 million donation from 91��Ƶ alumnus Michael Klump to revolutionize the real estate center in the Leeds School of Business, as well as support essential student health and wellness programs in the College of Arts and Sciences.  

Michael Klump

“This transformational gift highlights the power of philanthropy,” said CU Chancellor Justin Schwartz. “It will support students, faculty, staff and research activities across the vast and dynamic real estate field, driving innovation and enriching educational experiences on campus. Additionally, it will provide crucial support for wellness programs and student mental health.”

The investment will allocate $13 million to enhance the newly renamed Michael A. Klump Center for Real Estate—formerly known as the CU Real Estate Center. This portion of the gift, one of the largest ever given to a real estate center in the United States, will strengthen the center's academics, industry partnerships and career support in the years ahead.

The real estate center, led by Professor Christophe Spaenjers, who serves as faculty director, and Julie Gibson, who serves as the Sherman R. Miller Executive Director, is one of six centers of excellence in the Leeds School which work to help students translate, integrate and transfer classroom concepts into real-world insights. “This gift is pivotal for CU’s real estate program, providing significant resources that will advance the center’s leadership, enhance student programming and offer student financial assistance,” said Gibson. “The endowment component of this gift ensures that CU’s dedication to real estate education will continue for many generations to come.”

An additional $2 million will support programs in the College of Arts and Sciences that promote 91��Ƶ students' mental health and well-being. Through the Hellems Fund for Collective Belonging and the Hellems Fund for Fostering Success, this gift will contribute to mental health programming, resources and student support, and welcome programs and outreach initiatives for first-year and transfer students.

Promoting academic excellence and industry connections

Klump’s investment in the Leeds School will expand leading-edge programs with top real estate faculty and industry partnerships that prepare students to be experts in the dynamic real estate field. The donation represents a major advancement for the center, which was founded in 1997 by passionate alumni and industry leaders as a way to bolster future real estate professionals and promote important research within their field. Thirty years ago, the center supported 10–20 students per year; today it provides opportunities for nearly 450 students annually.

Professor Christophe Spaenjers, faculty director of the newly renamed Klump Center for Real Estate, speaks with graduate students in the Koelbel building after their Real Estate Finance and Investment class.

The $13 million donation to the center will endow three faculty positions in real estate finance at the chair and professorship levels. It will also create four funds to advance innovative academics, establish an endowed scholarship, enhance students’ career growth, and strengthen the center’s reputation within the business and alumni communities.

Klump’s significant contribution underscores the profound impact of community support on 91��Ƶ’s mission and the Leeds School of Business. “The gift will provide rich opportunities to 91��Ƶ students and contribute to Leeds’ legacy of excellence. Strong support from the real estate community has been a hallmark of our connection with industry,” said Vijay Khatri, the Tandean Rustandy Endowed Dean at the Leeds School of Business.

A gift that fuels the future

With a spanning over 30 years, Klump is the founder and chairman of RCG Ventures, a leading commercial real estate investment firm. Additionally, he co-founded Equity Investment Group, a private real estate investment trust focused on neighborhood shopping centers and established Argonne Capital Group, a private investment firm specializing in companies within the restaurant, retail and service industries.

While a sophomore at 91��Ƶ, Klump got his real estate license and began selling houses on The Hill. He interned at a commercial shopping center development firm between his junior and senior years and found his niche.

“I owe a lot of my success to attending the University of Colorado, where I had the privilege of meeting inspiring individuals and forming lifelong connections across the country,” said Klump. “These experiences have deeply motivated me to give back and set an example. I hope my contribution to 91��Ƶ will inspire others to join in the spirit of generosity and make a meaningful impact.”

In addition to being a real estate entrepreneur, Klump is a steadfast philanthropist, generously supporting a diverse range of organizations over the years through the Klump Family Foundation. He said his commitment to giving back reflects a deep belief in the power of philanthropy to drive positive change.

“My hope is that this gift will provide students with broad exposure to the diverse opportunities within real estate, whether they choose to embark on a career immediately, pursue further education, or explore various facets of the industry,” Klump said. “The real estate world is vast and dynamic, with potential for local, regional, national and even international impact, and I am excited to support a program that will open doors and inspire future leaders in this field.”

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The Roe Green Theatre (formerly the University Theatre) and Mary Rippon Outdoor Theatre are undergoing massive multi-million dollar renovations, preserving the Colorado Shakespeare Festival's legacy for a lifetime.

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Kiewit Corporation has extended its design-build scholars program with the College of Engineering and Applied Science for an additional five years with a generous $2.5 million investment, demonstrating a sustained commitment to the success of students.

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Piano Technician Mark Mikkelsen—who has supported the care and maintenance of the College of Music’s fleet of 160 pianos, two harpsichords and an organ—was thrilled when the opportunity arose to rebuild, refurbish and restore one of two fortepianos donated to the college.

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Up to 40 undergraduates will receive a $2,500 fellowship for participating in Quantum Scholars this year, thanks to generous support from new industry and alumni partners.

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