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OREM, Utah (AP) -- Woodbury Corp. is donating $20 million over 10 years to Utah Valley State College.
In response, UVSC said Friday it is renaming its business school the Woodbury School of Business.
The gift is the largest ever received by UVSC, which will be known as Utah Valley University next year.
Woodbury has played a major role in development in Utah County, including University Mall in Orem and The Meadows shopping center in Lehi.
Woodbury's president, W. Richards Woodbury, said the donation is a thank-you to county residents who have supported their businesses.
"They have been long-time supporters of the college and have helped us move from a technical school to a major university," UVSC President Bill Sederburg said of the Woodbury family.
The business school has 3,600 students this fall. UVSC has approximately 24,000 students.
(Copyright 2007 by The Associated Press. All Rights Reserved.)