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Mary E. McKinney bequeaths $22 million estate for UTSA student scholarships

Mary McKinney
Mary McKinney and students
Elizabeth McKinney
Elizabeth McKinney and Mary McKinney

Top photo: Mary E. McKinney
Second photo: Mary E. McKinney with her fourth grade students, St. Margaret Mary's School, 1974
Third photo: Elizabeth (Dee) Carnes McKinney (mother of Mary McKinney)
Bottom photo: Elizabeth (Dee) Carnes McKinney (left) and Mary McKinney
>> Read a San Antonio Express-News story (10/6/2010) on the McKinney gift.

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(Oct. 6, 2010)--UTSA President Ricardo Romo posthumously recognized Mary E. McKinney during his annual State of the University address today and announced receipt of the largest single private gift in university history, a $22 million estate gift to fund up to full-ride scholarships for students working to complete their degrees.

"Miss McKinney was an outstanding, humble Texan who did not care for fame or recognition," said Romo. "An avid reader who only wanted to help students, she strongly felt education was the key to success. Through this extraordinary gift, she has established a legacy that will help generations of UTSA students achieve their educational goals."

McKinney's estate, which includes real estate, personal property and a portfolio of stocks and municipal bonds, will continue to fund the Felix and Elizabeth McKinney Memorial Scholarship Fund at UTSA, established by McKinney to honor her parents in 1994. The fund offers renewable scholarships up to the full cost of tuition and fees for full-time students who have completed 30 hours of course work and have a G.P.A. of 2.75 or better.

"Miss McKinney firmly believed that students with strong academic records should not be prevented from completing their education due to a lack of financial resources," said Marjie French, UTSA vice president for university advancement. "The McKinney memorial scholarship fund is a great tribute to Miss McKinney and her parents. The scholarships awarded will help transform UTSA students' lives."

The largest portion of McKinney's estate includes three South Texas ranches in Atascosa and Frio counties on the Eagle Ford Shale, the most significant U.S. oilfield discovery in the last 40 years. Valued at $13 million, the real estate includes surface rights and oil and gas rights to a 640-acre ranch and two 2,300-acre ranches. To maximize the impact of the gift, UTSA has signed a mineral lease for one of the Frio County ranches entitling it to a 25-percent royalty on production.

The remaining portion of the McKinney estate included personal property, a home and securities. McKinney died in San Antonio on Nov. 16, 2009.

"We at Jefferson Bank enjoyed working with Miss McKinney and having her as our friend," said Robert E. Wehmeyer Jr., division president, trust and private asset management, of Jefferson Bank and executor of McKinney's estate. "We are deeply honored to serve as her executor and be the steward to carry out the magnificent charitable bequests made in her will. In working with Miss McKinney, we came to appreciate the importance she placed on education, and we are delighted to be a part of the team that will carry on her legacy at UTSA."

A native Texan born in 1930 and raised on San Antonio's South Side, McKinney earned a bachelor's degree in 1950 from Trinity University at age 19 and a master's degree at the University of Texas at Austin. From 1992 to 1996, she took post-graduate courses at UTSA including classes in Latin, philosophy and ancient history, and Dante.

"For nearly 20 years, Miss McKinney had quietly given nearly $250,000 to support UTSA's students," said French. "This additional donation of her estate is a significant and transformational gift that will support students for many generations to come."

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About Jefferson Bank

Jefferson Bank is a family-owned, community bank serving communities in San Antonio and surrounding areas in the Texas Hill Country. Through the years, the bank has created an elite team of highly skilled, family-oriented and civic-minded individuals who contribute to the bank's continuing success.

The bank was founded just after World War II in the Jefferson neighborhood in San Antonio. It expanded into New Braunfels in 2005 and into Boerne in 2007. Jefferson Bank has grown from a single location on Fredericksburg Road in San Antonio to be one of Texas' most respected independent banks with 11 banking centers, residential mortgage offices and a Trust, Estates and Wealth Management Division.

Characterized by consistent and conservative growth throughout its 63-year history, Jefferson Bank boasts assets close to $725 million. The Trust, Estates and Wealth Management Division of Jefferson Bank holds assets of approximately $870 million.

 

 

Events
Feb. 5, 6:15 p.m.

First Friday Stargazing

The UTSA Department of Physics and Astronomy's Curtis Vaughan Observatory will offer free stargazing for the public beginning on top of the 4th floor of the Flawn Science Building. Experienced astronomers will be on hand to show a variety of astronomical objects and answer any questions. This event is free and open to the public, so feel free to invite friends and family.
Curtis Vaughan Observatory

Feb. 6, All Day

10th annual San Antonio Writing Project Teachers' Conference

This year's keynote speaker is Donalyn Miller, author of The Book Whisper. The event will feature breakout sessions and a presentation by the Creative Writers from North East School of the Arts. The event is free and open to all teachers from Pre-K through university level. Attendees can earn a certificate for 3 hours of Professional Development Credit.
Riklin Auditorium (FS1.406), Downtown Campus

Feb. 9, 11 a.m. - 1 p.m. & 6 - 9 p.m.

Rowdy Gras 2016

The UTSA community is invited to attend the 3rd annual Rowdy Gras celebration! This year Rowdy Gras includes a daytime event from 11 a.m. -1 p.m. with a free food tasting and music on the UC Paseo. The main event takes place from 6 - 9 p.m. in the UC Lawn. The event includes free food, live jazz music, activities and giveaways.
University Center Paseo & Lawn, UTSA Main Campus

Feb. 10, 5:30 p.m.

UTSA College of Architecture, Construction and Planning 2015-16 Speaker Series

The UTSA College of Architecture, Construction and Planning’s 2015-16 Speaker Series continues with Dana Cuff, Ph.D., a professor of architecture and urbanism at the University of California, Los Angeles. In her talk, Cuff will discuss new forms of “studio” and new types of practices. Free and open to the public.
Aula Canaria Lecture Hall (BV 1.328), UTSA Downtown Campus

Feb. 13, 10 a.m. - 5 p.m.

29th annual Asian Festival - Year of the Monkey

The UTSA Institute of Texan Cultures invites Texas and Texans to the Asian Festival. What began as a traditional family reunion for the Chinese New Year has expanded to include other Asian communities and participants, showcasing their unique culture and traditions.
The UTSA Institute of Texan Cultures

Feb. 13, 1 p.m.

2016 Interdisciplinary Studies Colloquium

Join the UTSA Department of Interdisciplinary Learning and Teaching in celebrating interdisciplinary inquiry at the 2016  Interdisciplinary Studies Colloquium.  The colloquium will include a panel of faculty and recent doctoral graduate and a showcase of the best IDS undergraduate inquiry projects of the year 2015. The event is free and open to the public.
Business Building (BB 2.06.04), UTSA Main Campus

Feb. 23, 5:30 p.m.

African-American Social Welfare Pioneers Responding to Community Needs

The UTSA College of Public Policy presents the Dean's Distinguished Lecture Series featuring Dr. Iris Carlton-LaNey, Professor of the School of Social Work at the University of North Carolina-Chapel Hill. Dr. Iris Carlton LaNey will speak to the UTSA community about the role and impact of African-Americans in the social work profession.
Buena Vista Theater (BV 1.326), Downtown Campus

Feb. 23, 7 p.m.

Presentation and Book Signing with Luis Carlos Montalvan

Please join us for a presentation and book signing by Luis Carlos Montalván (Fmr. Capt., USA), author of the New York Times Bestseller Until Tuesday and the international award-winning childrens book Tuesday Tucks Me In. His books will be available for purchase at the UTSA Bookstore. This event is free and open to the public.
Southwest Room (DB 1.124), Downtown Campus

Feb. 25, 6 p.m.

12th Annual Black Heritage Gala

The 12th Annual Black Heritage Gala is a formal event which includes a student performance, keynote remarks by Michael Brown, an award presentation, dinner and dancing. Tickets are $10 for UTSA students and $15 for all other guests. Tickets are on sale now at Roadrunner Express. Contact (210) 458-4770 for more information.
H-E-B University Center Ballroom, Main Campus

Feb. 27, 9 a.m.

Cultural Contrasts in Latin America

The UTSA Institute of Texan Cultures will host a free workshop focusing on teaching Latin American culture and geography for students seeking their teacher certification. The workshop includes free resources for teaching Latin American subject matter as well as presentations on language, identity, music, geography, and political and developmental history, and a special educators’ tour of the museum’s Los Tejanos exhibit. Free with registration.
The UTSA Institute of Texan Cultures (ITC 3.01.02)


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