The McCoy College of Business Foundation was created in April 2004 as the vision of philanthropists Emmett and Miriam McCoy with a gift of $20 million to Texas State University. The Foundation is approved by the IRS as an independent 501c.3 nonprofit corporation that serves exclusively for the benefit of the McCoy College of Business Administration at Texas State University and is the primary recipient and fiscal manager of major gifts to the McCoy College of Business.