WACO (February 12, 2013)--Baylor University presented the Founders Medallion to Regent Emeritus and Baylor alumnus Drayton McLane Jr. during Monday’s Founder’s Day ceremony.
The medal was established in 1969 to honor men and women who have contributed to the university in a significant way.
“McLane and his wife Elizabeth’s unwavering generosity is evidenced from the McLane Student Life Center to the gold leaf finish upon the dome of Pat Neff Hall. Their wholehearted support of Baylor’s future was most recently demonstrated through the lead gift for Baylor Stadium, which is the largest capital gift in Baylor’s history,” a Baylor spokesperson said.
McLane’s business endeavors upon graduation from the university began in 1978 when he became CEO of his father’s business, McLane Wholesale Grocery Business Co. From there he grew the company into a $7 billion enterprise before selling it to his friend Sam Walton.
McLane also founded the holding company McLane Group and bought the Major League Baseball franchise, the Houston Astros, helping lead them to win several division titles.
McLane’s two sons, sister and niece are also Baylor alumni.