A $10 million estate gift from the Alpaugh Foundation will support the Alpaugh Family Economics Center at the University of Cincinnati, continuing the extraordinary legacy the Alpaugh family began half a century ago.
The gift reflects a lifetime of commitment from Peter Alpaugh, whose father, Walter "Pete" Alpaugh, was one of the center's original founders in 1976. From its earliest days, the Alpaugh family has believed passionately in the center's mission: that every child deserves access to financial and economic education that can change the trajectory of their lives.
"The Alpaugh Family Economics Center has been important to my family since the beginning," said Peter Alpaugh. "My father believed strongly that understanding money and the economy helps young people make better choices throughout their lives. This planned gift is intended to honor that belief and to help ensure the center's work continues for years to come."
Prior to this estate gift, the Alpaughs have donated more than $6 million to the university, primarily supporting the center and the College of Education, Criminal Justice, and Human Services.
"This gift represents the continuation of a promise the Alpaugh family made to this center 50 years ago," said Brad Evans, co-executive director of the Alpaugh Family Economics Center. "We are profoundly grateful to Peter and Vicki for ensuring that the work the Alpaugh family cares so deeply about will continue long into the future."
Peter Alpaugh has supported the center for decades, through leadership, engagement, encouragement, and multiple major gifts that have strengthened and grown its programs. His newest commitment, made thoughtfully and generously as part of his estate planning, will allow the center to expand its reach and impact for generations to come.
Featured image at top: Peter Alpaugh, Lisa Huffman, dean of the College of Education, Criminal Justice, and Human Services and Sue Heilmayer, Alpaugh Family Economics Center co-executive director, at Market Madness 2025. Photo/Provided.
