Talkington Foundation Gives $12M for Graduate Fellowships at Texas Tech
Officials from the Texas Tech University System and J.T. and Margaret Talkington Foundation Board announced today a $12 million gift that will establish the J.T. and Margaret Talkington Graduate Fellowship Endowment.
The gift will fund approximately 135 graduate fellows per year and is eligible for state matching funds by the Texas Research Incentive Program, which could double the gift’s impact for Texas Tech. In honor of this gift, the facilities committee of the Board of Regents approved renaming the new Boston Avenue Residence Hall as the J.T. and Margaret Talkington Hall.
Norton Baker, president of the J.T. and Margaret Talkington Foundation Board, said the endowment was provided to help attract top students and increase student enrollment.
“J.T. and Margaret Talkington loved Texas Tech University and its students,” Baker said. “We knew they would be proud to be a part of this project that will attract students from all over the United States. We are confident that the impact of the Talkington Foundation gift will help Texas Tech and Lubbock grow significantly, and we are delighted that the Talkington name will be prominently displayed on the new state-of-the-art residence hall.”
More than 5,000 graduate students are enrolled at Texas Tech, contributing to various research projects essential to the university’s progress to Tier One status. Furthermore, these students have an annual economic impact of more than $232 million on the Lubbock economy.
Kent Hance, chancellor of the Texas Tech University System, said he believes this endowment will have an impact on Texas Tech.
“Graduate students are a key factor in our success as we move toward the goal of becoming a nationally competitive research university,” Hance said. “We are grateful to the Talkington Foundation Board for their generosity, and I am pleased that the new residence hall will honor J.T. and Margaret’s investment in Texas Tech.”
The J.T. and Margaret Talkington Foundation was established in 1997 to honor the history of the couple’s philanthropy and dedication to the city of Lubbock.