A University of Central Florida graduate is handing his alma mater a gift unlike anything it has seen before: a $50 million pledge to the College of Business, the largest commitment in the university’s history, according to the Orlando Business Journal. The donor is Barry Miller, a 1995 UCF graduate and co-founder and president of Voloridge Investment Management.
The Orlando Business Journal reports that Miller’s pledge is designated for the College of Business and was announced on April 15. Specific terms and the timing of the commitment were not immediately disclosed.
About the Donor
Miller helped found Voloridge and serves as the firm’s president. The quantitative investment firm lists offices in Jupiter, Florida, and Voloridge shows a Jupiter address on its contact page. Miller is also connected to the VoLo Foundation, which cites philanthropy, education, and health among its priorities. The VoLo Foundation notes that it has awarded millions in grants and supports projects in Florida and beyond.
College Response and Next Steps
UCF officials say the pledge will give the College of Business room to pursue long-term priorities and expand programs as leaders finalize how the funds will be used. The university reported $126.1 million in total philanthropy for the 2024-25 fiscal year, according to UCF News, placing Miller’s commitment within a sizable recent fundraising haul.
University and donor representatives told the Orlando Business Journal that more details about how and when the $50 million will be allocated will be released as plans are finalized.
