Family of Byrider founder gives $5M to school
The family of the founder of a Carmel-based auto dealership chain killed in an airplane crash seven years ago has donated $5 million to Indiana Wesleyan University.
The Indianapolis Business Journal reports the family of James DeVoe donated the money for a new school of business on the university's campus in Marion.
University Relations Director Alan Miller says the school already offers undergraduate and graduate degrees, but the gift creates a separate academic unit called the DeVoe School of Business. He says it likely won't mean construction of a new building.
Miller says the university plans to match the gift with another $5 million.
DeVoe was president and CEO of J.D. Byrider Systems Inc. He died in the 2006 airplane crash near Melbourne, Fla.
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