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Montana Tech alumnus donates record-setting $31 million to university to support engineering studies

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Posted at 11:18 AM, Apr 25, 2023
and last updated 2023-04-25 13:18:59-04

BUTTE — Montana Tech announced on Tuesday, April 25, 2023 it has received a $31 million donation—the largest in the university's history—from alumnus Ryan Lance, CEO of ConocoPhillips.

Lance, a Great Falls native who graduated from Montana Tech in 1984, had previously made a $1 million donation in 2015.

The donation announced Tuesday will include scholarships for Montana high school graduates to study engineering at the Butte STEM university.

The $31 million sum tops the previous record-setting donation of $7 million in 2021 from Dave and Sherry Lesar for Montana Tech's nursing program.