Following more than 20 years of strong philanthropic partnership, the Martin V. and Martha K. Smith Foundation has generously donated $10.5 million to the Martin V. Smith School of Business & Economics (MVS) at CSU Channel Islands (CSUCI). Ventura County philanthropist and real estate developer Martin V. “Bud” Smith and his wife Martha created the Foundation to support community organizations.
The transformational gift brings the total contributed to CSUCI to more than $19 million since the family’s first donation in 1999, making them the University’s largest donor.
Just over $3.5 million will be used to complete the renovation of the MVS School’s new home, located in the campus’ former Manzanita Hall, and the refurbishment of an adjacent courtyard. The new space will be named “Martin V. Smith Hall” in honor of Bud Smith, and the courtyard will be named the “Martha K. Smith Courtyard” after Smith’s wife. The remaining $7 million will be used to create a new endowment for the MVS School to enhance the quality of the educational programming and experience for its students and faculty.