LU News Archive

Parsons Innovation Fund in Business established

The Lamar University Foundation has announced an innovation fund has been established for the College of Business. The Pat and Melody Parsons Innovation Fund in Business will provide funding for outstanding students to further their studies at Lamar.

“Pat and Melody Parsons are wonderful people in the community, and I am delighted that they have chosen to establish this endowment,” said Henry Venta, dean of the College of Business. “With this private support, students will encounter more great opportunities and the College of Business can achieve additional excellence.”

Graduating from Lamar in 1971, Pat and Melody Parsons have displayed support for their alma mater through involvement on the Friends of the Arts Board and by Melody’s service as chair of Le Grand Bal in 2007, a major annual fundraiser for the College of Fine Arts and Communication. The Parsons elected to support the College of Business through this endowment in appreciation of the high-quality, affordable educations they were privileged to receive at Lamar.

A thirty-year veteran of the banking industry, Pat achieved early success at First City Bank, and is one of the driving forces behind the CommunityBank of Texas, serving as chairman and CEO.  Due to their numerous contributions to the university, Lamar asked Pat Parsons to serve on the campaign cabinet for the Investing in the Future comprehensive campaign, the university’s first campaign. The campaign ended in December 2013 and exceeded its initial $100 million goal by $32 million.

For more information about establishing an endowment to benefit Lamar, contact the Lamar University Foundation at (409) 880-2117.