Thomas Stix Guggenheim and his wife Pedie
Thomas Stix Guggenheim and his wife Pedie (Photo courtesy of the Guggenheims)

The Thomas Stix Guggenheim family, of Cincinnati and Snowmass Village, gave $2.25 million to the University of Colorado's Leeds School of Business to create an endowed chair related to entrepreneurial and business design efforts, CU officials announced today.

CU's Leeds School will establish the Thomas Stix Guggenheim Family Endowed Chair in Business Design and Innovation as a result of the financial gift from Guggenheim, his wife, Pedie, and their four CU alumni children.

"Our business experience has demonstrated there is as much, if not more, to learn from business failures as from successes," Thomas Stix Guggenheim said in a statement. "One main aspect of our endowed chair is to case-study this belief."

The faculty post, CU officials said, aligns with the entrepreneur-related cachet of both the university and the city of Boulder.

"We have embarked on an innovation agenda that will enable graduates to evolve in a rapidly changing business climate and ensure their ability to drive value," David Ikenberry, Leeds School dean, said in a statement. "We are fortunate and grateful for the family's generous support as we pursue this great challenge."

The endowed chair gift provides a perpetual stream of funding for a senior faculty position.

CU officials say they're conducting a global candidate search for the tenured post and that they hope to fill the position by the fall of 2014.