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AIM's Co-Founder Donates $40 Million

Charles T. (Ted) Bauer, 81, the co-founder of AIM Management of Houston has given $40 million in stock to the University of Houston's College of Business Administration, the university has announced. The university's board of regents is considering renaming the business school after Bauer.

The gift of AMVESCAP stock, which was transferred to the school on August 9, will provide funds for five chairs in business leadership, five professorships in business administration, 10 faculty fellowships, a center for business leadership, a graduate student leadership awards program and several other programs. AMVESCAP of London is AIM's parent company.

Bauer received his undergraduate degree from Harvard and his M.B.A. from New York University but has been active in University of Houston affairs, said an AIM spokesperson.