Five years after making a donation to his alma mater, a $176-billion-AUM (as of July 31), 85-year-old fund firm's chief is preparing to help celebrate the opening of a new building that bears his name.

Robert Lloyd "Bob" Reynolds Putnam Investments President, CEO

This Friday, Bob Reynolds, president and CEO of Boston-based Putnam Investments [profile], and Laura Reynolds, Bob's wife, will take part in a grand opening and ribbon-cutting ceremony for West Virginia University's business school's new Reynolds Hall on the waterfront in Morgantown. The event is scheduled to begin at 4pm eastern.

Bob Reynolds graduated from WVU's business school back in 1974, and decades later he co-chaired a fundraising campaign that was called WVU's most ambitious ever. Then, in 2019, the Laura and Bob Reynolds pledged to donate $10 million towards the construction of a new building for the business school. The total cost of the project was expected to be about $100 million, with Bob and Laura's donation amounting to one quarter of the $40 million the WVU team aimed to raise to contribute to those costs.

"It's very satisying to be able to plant the seeds for other people's success," Reynolds states. "I am delighted to help the young people of the greatest state in this country. That's what 'paying it foward' means to me." 

Edited by: Neil Anderson, Managing Editor


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