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SAN ANTONIO -- The Valero Energy Foundation pledged $1 million to Our Lady of the Lake University toward the restoration of the historic main building that was damaged by a recent blaze, the San Antonio Business Journal reported.
On May 6, a devastating fire spread at the university affecting more than 68,000 square feet of classroom space, labs, offices, the school cafeteria and a residence hall in its main building. In total, more than 100 faculty and staff had to be relocated. University officials estimate it will take at least two years before the building is restored, according to the report.
"Valero's $1 million leadership pledge comes at a defining moment. It inspires our creativity to strategically advance as a private Catholic university with a long history of quality and service to students from all backgrounds," University President Tessa Martinez Pollack told the San Antonio Business Journal. "I feel confident that others will follow Valero's lead."
The pledge by the Valero Energy Foundation is the largest to date. "We are proud to be able to support Our Lady of the Lake University at this time," Valero Chairman and CEO Bill Klesse told the paper. "For more than 100 years, this university has given students a solid foundation and path to career success."