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    student-centered

    Rice University rises with massive $100M gift for innovative new student center

    Steven Devadanam
    Sep 22, 2021 | 11:39 am
    Rice University Moody Center for Student Life and Opportunity
    The $100-million donation will fund the planned Moody Center for Student Life and Opportunity.
    Rendering courtesy of Rice University

    Rice University’s Owls are soaring of late, with the school just being named the top in Texas and No. 7 in the U.S. Now, the institution known as the “Ivy League of the South” is the recipient of a mammoth gift aimed at a game-changing student center.

    The Moody Foundation has granted Rice University a massive $100 million for its planned Moody Center for Student Life and Opportunity, which will replace Rice's current Memorial Center (RMC), and will become a new focal point for the university’s 300-acre wooded campus, the school announced.

    Notably, this new student center is designed by Sir David Adjaye of Adjaye Associates; the acclaimed architect's other works include the Smithsonian Institution’s National Museum of African American History and Culture.

    Scheduled to break ground in early 2022 and construction completed in 2023, the brand-new Moody Center for Student Life and Opportunity will maintain some elements of the old RMC, namely the chapel and cloisters. Students and staff can expect demolition of the rest of the existing RMC, per a press release.

    Moody’s $100 million grant matches the record for the largest gift in the university’s history. (Last year, the Robert A. Welch Foundation donated $100 million to the school to establish the innovation-driven Welch Institute.) The Moody Foundation has contributed over $125 million to Rice since 1964, a press release notes.

    As part of the Moody $100 million gift, a new Moody Fund for Student Opportunity will support an endowment dedicated to student programs “physically anchored in the new student center and elsewhere in the university,” according to the school.

    All this supports Rice’s recently announced plans for a 20-percent expansion of the undergraduate student body by fall 2025, as CultureMap previously reported.

    “We are extremely grateful for this extraordinary philanthropy in support of Rice students,” said Rice president David Leebron in a statement. “This gift will enable our students to broaden their engagements and experiences while at Rice in ways that will empower their success throughout their lives. It will also enable us to both connect more deeply with Houston and with the world. This will be the epitome of what an inclusive and outward-looking student center should be.”

    Elle Moody, a trustee of both the Moody Foundation and Rice, added: “As a Rice University alumna, I know this gift will have a profound and lasting effect on the campus and its students. This investment is supporting much more than just a building. We’re investing in every student, so they have access to pursue any endeavor whether it’s leadership, artistic, athletic, global or more.”

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    news/innovation
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    economic news

    Texas slides down the list of best U.S. state economies for 2025

    Amber Heckler
    Jun 9, 2025 | 2:15 pm
    Hand of woman putting money in jar
    Getty Images
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    After riding high among the top five best state economies in 2024, Texas' robust economy may be showing some cracks. Texas now ranks as the state with the eighth best economy, four spots lower than last year's ranking, according to a new WalletHub report.

    WalletHub's experts ranked all 50 states and the District of Columbia across 28 metrics to measure each state's economic activity and health and its "innovation potential."

    Massachusetts moved up two spots from last year to claim the No. 1 best state economy title for 2025, followed by Utah (No. 2) and Washington (No. 3). Texas was surpassed by No. 4-ranking California, as well as New Hampshire (No. 5), North Carolina (No. 6), and Idaho (No. 7).

    This is how Texas fared across the three major categories in the study:

    • No. 4 – Economic activity (down from No. 2)
    • No. 11 – Economic health (down from No. 7)
    • No. 24 – Innovation potential (unchanged)
    Texas ranked No. 1 with the most exports per capita in a three-way tie with Louisiana and Kentucky, the report found.
    The Lone Star State prides itself on its business-friendliness, and cities like Houston boast some of the most innovative companies in the nation. Texas also ranked 13th in WalletHub's separate study of the most and least innovative states for 2025.

    WalletHub analyst Chip Lupo says the states that have the best economies are often those that invest in new businesses, technology, and more. The report also suggests low unemployment rates and high wages are among the many factors that can help Texas residents be successful while also boosting the state economy.

    "A strong state economy doesn’t guarantee success for the state’s residents, but it certainly makes financial success more attainable," Lupo said.

    The states with the worst economies in 2025, according to WalletHub, are Hawaii (No. 49), West Virginia (No. 50), and Iowa (No. 51).

    texaseconomyinnovationwallethubreports
    news/innovation
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