In Austin, The Moody Foundation announced a gift of $50 million to the University of Texas at Austin for the foundation of the Moody College of Communication, a donation which the university calls “transformative.” Here’s how the funds will break down:

Innovation Fund ($10 million) — To establish an “idea fund” that will invest in new curricula, courses, online education, research and student activities.

Department Endowments ($5 million) — To provide a $1 million endowment for each of the college’s five departments to support departmental leaders and course and curricular development.

Graduate Student Recruitment ($13 million) — To provide additional teaching and research fellowships for master’s and doctoral students, more than doubling the amount of funding available for graduate students.

Undergraduate Curricular and Cocurricular Work ($7 million) — To support learning opportunities inside and outside the classroom, including student media projects, undergraduate research and student leadership organizations, and to create the Moody Scholars Program, an honors program for first- and second-year students.

Research and Outreach Centers ($10 million) — To create 10 $1 million endowments for the Moody College’s research and community outreach centers: the Annette Strauss Institute for Civic Life; the Denius-Sams Gaming Academy; a new Health Communication Center; the Knight Center for Journalism in the Americas; the Office of Survey Research; Reporting Texas; the Speech and Hearing Center; the Telecommunications and Information Policy Institute; the Texas Program in Sports and Media; and the UT Film Institute.

Classroom Space and Facilities ($5 million) — To refurbish portions of the Jesse H. Jones Communication Complex, create three new lecture halls in the Communication B (CMB) Building, conference space and a new pedestrian bridge between the Belo Center for New Media and the Jesse H. Jones Complex. The university will provide an additional $5 million for this project.

In a tweet, Rosental Alves highlights the $1 million to begin the endowment of the Knight Center, which puts on the great International Symposium on Online Journalism every spring. And our own Mark Coddington is an editor on Reporting Texas.