Ronald Reagan Library welcomes 'generous and exciting' $21 million gift from T. Boone Pickens Foundation

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Ronald Reagan Library welcomes 'generous and exciting' $21 million gift from T. Boone Pickens Foundation
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The T. Boone Pickens Foundation has donated $21 million to the Ronald Reagan Presidential Library and Museum, recognizing the businessman's faith in the president.

, founded in 1957 what would become Mesa Petroleum, turning it into one of the nation's top independent natural gas and oil companies.

While Pickens was proving the power of American capitalism, President Reagan was fighting to protect it. A memorial at the Ronald Reagan Presidential Library honors Board of Trustees member, benefactor and businessman T. Boone Pickens. The $21 million gift from the T. Boone Pickens Foundation will be used to promote Reagan’s"timeless legacy," said the CEO, as well as the foundational values Reagan championed both in his private and public life.

Among other efforts, the GE-Reagan Foundation Scholarship provides up to $400,000 in college assistance to 10 high school seniors from around the nation each year. The"high achievement" recipients this year were culled from a competitive pool of 16,000 applicants. "Boone was really a treasured member of our Board of Trustees and served as a trusted advisor to Mrs. Reagan while he was on the board," said Trulio.

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