Charles W. Oswald has contributed $10 million to the KU Endowment Association. Of the $10 million gift, $6 million will go to the Department of Economics, $3 million will be designated for unrestricted support for the university, and $1 million will go to the School of Business. (2001)

In recognition of the gift, the undergraduate economics program at KU has been named the Charles W. Oswald Program in Economics.

Mr. Oswald has pledged an additional $10 million to the Kansas Endowment Association for the Department of Economics. The commitment will support a distinguished professorship and enhance existing funds previously established by Oswald. ( below )

KU Endowment Association - January 19, 2005

Businessman’s gifts for KU top $20 million

LAWRENCE -- A businessman whose $10 million gift for economics and business put the University of Kansas economics
program on a path to international recognition has doubled his commitment, KU Chancellor Robert Hemenway announced
today.

Charley W. Oswald of Custer, S.D., pledged an additional $10 million to the Kansas University Endowment Association for
the Department of Economics. A combination of cash and a gift through his estate, the commitment will support a distinguished
professorship, enhance existing funds previously established by Oswald, and provide financial support for economics students,
research and faculty travel.

“ Few alumni of the University of Kansas have the capacity and the generosity to transform an entire department through their
support, but Charley Oswald is one of them,” Hemenway said. “His belief in the value of his KU education and his vision for
future KU economics students have made KU a recognized leader in economics education. This is an outstanding gift
commitment.”

Joseph Sicilian, chair of the department, said the magnitude of Oswald's support was difficult to measure.

“ It's hard to overstate the importance Charley Oswald has had on the Department of Economics,” Sicilian said. “Among many
initiatives, his previous support established two distinguished professorships that are held by two highly acclaimed and famous
economics scholars, who in turn have attracted excellent new junior faculty members and graduate students. The level of our
faculty and students has been elevated. Now his latest commitment will provide support for the efforts we have made and the
results we have already achieved, allowing us to continue in a strong upward trajectory.”

Oswald's previous gift provided $6 million for the Department of Economics, $1 million for the School of Business and $3
million in unrestricted support. The gift established funds for economics lectures at KU and created programs for newer faculty
members, who are known as Oswald scholars. His gifts will allow the Department of Economics to host its first major economics
conference in fall 2005. In recognition of his support, the undergraduate program in economics was named for Oswald in 2002.

The professorships created through Oswald's first gift are in macroeconomics and microeconomics. Those professorships are
held by William Barnett and Bernard Cornet, respectively. The new professorship will be in the area of econometrics, the use
of mathematical methods and statistical techniques to analyze economic phenomena. Combined, the fields represent the three
major branches of economic study, Sicilian said.

Oswald, economics '51, earned a master's degree in business administration in 1953 from Harvard University. Currently the
chairman of Rotherwood Investments LLC in Minnesota, he was the chairman and CEO of National Computer Systems
(now NCS Pearson) from 1970 until 1994. The company is the largest commercial processor of student assessment tests
and the largest provider of data tracking software for U.S. elementary and secondary schools. Oswald continued to work for
NCS as a company director until 1998.

A native of rural Hutchinson, Oswald is a trustee emeritus of KU Endowment and an emeritus member of the School of
Business board of advisors. In addition to his support for economics, he has established unrestricted funds for the School of
Business and the university.His gift counted toward the goal of KU First: Invest in Excellence, the largest fund-raising campaign
in KU history. KU Endowment conducted KU First on behalf of KU through 2004 to raise in excess of $600 million for
scholarships, fellowships, professorships, capital projects and program support. KU Endowment serves as the independent,
nonprofit fund-raising and fund-management organization for KU.

Bernard Cornet will join the Department of Economics as an Oswald distinguished professor of microeconomics in July 2005.
Cornet is known in the international economics community as a leader in economic theory. He is editor of the Journal of
Mathematical Economics, which he will bring with him to KU, as well as associate editor of five other journals. Cornet also is
founder and director of the Centre de Recherche en Mathématiques, Statistique et Economie Mathématique at the Sorbonne
in Paris.