New Braunfels Foundation Gives $150,000 to Support Comal County Students at McCombs School

Feb. 9, 2010

AUSTIN, Texas — The Herbert and Johanna Liebscher Foundation of New Braunfels, Texas, has awarded a $150,000 gift to the McCombs School of Business at The University of Texas at Austin to provide scholarships for students of Comal County, where the foundation is headquartered, to attend the McCombs School. The donation will be doubled to $300,000 as a part of the Red McCombs Matching Gift Program.

Liebscher Foundation
From left to right: McCombs School Dean Thomas Gilligan and Liebscher Foundation board members Milton Kaderli and Kristen Quinney Porter.

These gifts will bring the total value of donations since 2003 to the McCombs School's Herbert and Johanna Liebscher Endowed Scholarship Fund in Business to $450,000.

"We are grateful for the continuing support from the Liebscher Foundation as well as Red McCombs through his matching gift program," said Thomas Gilligan, dean of the McCombs School. "The generosity of our alumni and friends is critical to attracting to McCombs the very best students, especially the top Texas students who will be leaders in our state for generations to come."

The foundation's benefactors, Herbert and Johanna Liebscher, have both died. They were newlyweds during the Great Depression, and neither attended college. They left their life savings to the foundation to enable students of Comal County to get that chance.

"The Liebscher Foundation's partnering with the McCombs School enables even more students from our Comal County schools to obtain an education at The University of Texas at Austin," said Bob R. Kiesling, the foundation's president.

To date, the Herbert and Johanna Liebscher Endowed Scholarship Fund in Business has provided support for six students to attend McCombs.

For more information, contact: Rob Meyer, McCombs School of Business.