John Schnatter’s long-running, multi-generational ties to the University of Louisville just grew $4.64 million deeper.
In a press conference Tuesday afternoon at the university’s College of Business, President James Ramsey confirmed a $6.3 million, seven-year grant that will fund the establishment, staffing and operation of the new John H. Schnatter Center for Free Enterprise. Scheduled to open in the fall, the center will “engage in teaching and research that explores the role of free enterprise and entrepreneurship in advancing society.”
The source of Schnatter’s wealth, the publicly owned Papa John’s International pizza chain, is already emblazoned across the UofL campus. Through gifts exceeding $20 million, the company and John and Annette Schnatter have helped build Papa John’s Cardinal Stadium for football and Cardinal Park for mens’ and womens’ sports.
“We’ve been fairly successful in business at Papa John’s and we want to share that with entrepreneurs and teach these kids how to be successful,” he said. “If we can get just one or two kids from the $6 million, it will be money well spent.” Their share of the gift is equal to the cost of 515,555 small pepperoni pizzas at Papa John’s.
The $4.64 million from Schnatter’s family foundation will be boosted by $1.66 million from the Charles Koch Foundation.The $6.3 million will go toward two tenure-track and two visiting professors, up to five research grants and up to four doctoral fellowships, as well as classes, a speaker series, seminars and salaries for center staff.
Free enterprises centers funded by the Charles Koch Foundation at George Mason University, Florida State University, the University of Kansas and other U.S. colleges have ignited controversy in their collision with dominant liberal arts cultures. Opponents have objected to contracts that give the Koch Foundation authority over hiring and curricula.