"In 1999, Lay donated $1.1 million to MU to establish the Kenneth Lay Chair in Economics, which remains vacant.
Twice Lay asked MU to return his gift, which is now worth about $1.8 million — first, in October to contribute to Hurricane Katrina relief efforts and again in February to help fund his legal expenses. MU denied both requests, stating in an October letter to Lay that “though the University recognizes the importance of hurricane relief, it also believes that the chair established in (Lay’s) name will promote the University’s mission of providing outstanding education, research and service.”
In a statement released Wednesday morning, UM System President Elson Floyd expressed his condolences to the Lay family and said, “Mr. Lay was a strong supporter of the University of Missouri and the University remains appreciative of that effort.”"