Utah philanthropists John and Marcia Price made a $50 million donation to the University of Utah’s College of Engineering that will fuel scholarships and a new building.
University of Utah president Taylor Randall, left, helps unveil a new name for the College of Engineering at the University of after the announcement of a $50 million gift from philanthropists and benefactors John and Marcia Price to fuel scholarships and a new building during a ceremony on Tuesday, Jan 10, 2023.This story is part of The Salt Lake Tribune’s ongoing commitment to identify solutions to Utah’s biggest challenges through the work of the Innovation Lab.
The announcement was made Tuesday afternoon at the U.’s Warnock Engineering Building in a ceremony attended by Gov. Spencer Cox, U. President Taylor Randall and Utah legislative leaders. Randall said the gift means the U. is joining the “elite” group of schools that have named colleges of engineering.
Born to a Jewish family in Spandau, Germany, in 1933, John Price and his family fled Nazi rule in 1939, making it to the United States in 1940. He eventually came to Utah, and graduated from the University of Utah in Geological Engineering in 1956.and became a developer of shopping centers across the West. His company, JP Realty, was listed on the New York Stock Exchange before it merged with another firm.
in Salt Lake City, the collection includes vintage race cars and the Mormon Meteor III, the Ab Jenkins-built car that launched world speed record pursuits on the Bonneville Salt Flats. Marcia Price, who grew up in Salt Lake City and graduated in English from the U., has been a driving force forfor decades. She chairs the board of directors for the museum, which is located on the U. campus in the Marcia and John Price Museum Building.
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