Indiana State to Name Business School for Insurance Executive

Indiana State University officials plan to name its business college for a Terre Haute insurance executive who has made a large donation helping pay for the college’s building renovation.

The ISU Foundation has recommended that the university trustees approve naming for the Donald W. Scott College of Business. Scott spent more than 40 years in the insurance business in Terre Haute, retiring in 2003 as chairman and CEO of Old National Insurance.

School officials have not disclosed the size of the donation from Scott and his wife, Susan, but called it one of the largest it has ever received from private individuals.

Indiana State is spending $21 million to renovate the former federal courthouse into the business college’s new home. The school is expected to move there in fall 2012.

Information from: Tribune-Star, www.tribstar.com