Pickens has been very generous to higher education and has given over half a billion dollars. He was chairman of the Board of [[Texas A and M University|West Texas State University]] and donated funds to endow its business school. He led the renewal of [[Oklahoma State University]]'s athletics program. The athletics program is funded by a separate corporation called "Cowboy Athletics" which decided to upgrade OSU facilities and to construct a new athletic village on the edge of the OSU campus. Two hundred homes were taken by [[eminent domain]] and torn down to make way for the campus expansion. In 2005, Pickens donated $165 million to renovate the football stadium. Instead of spending this donation on the stadium's construction costs, OSU Athletic Director Mike Holder decided to invest the funds with [[BP Capital]] expecting to earn a 20% return. Cowboy Athletics took out loans and sold bonds to finance the stadium and athletic village using its investment as collateral. Although the Cowboy Athletics' investment in BP Capital grew to $400 million, it dropped in the recession to $125 million by the time that it was sold.<ref name=wsj>{{cite news|title=Boone Calls the Plays as Largess Complicates Life at Alma Mater|author=Ann Zimmerman and Leslie Scism|date=July 7, 2012|work=Wall Street Journal|page=A1}}</ref> | Pickens has been very generous to higher education and has given over half a billion dollars. He was chairman of the Board of [[Texas A and M University|West Texas State University]] and donated funds to endow its business school. He led the renewal of [[Oklahoma State University]]'s athletics program. The athletics program is funded by a separate corporation called "Cowboy Athletics" which decided to upgrade OSU facilities and to construct a new athletic village on the edge of the OSU campus. Two hundred homes were taken by [[eminent domain]] and torn down to make way for the campus expansion. In 2005, Pickens donated $165 million to renovate the football stadium. Instead of spending this donation on the stadium's construction costs, OSU Athletic Director Mike Holder decided to invest the funds with [[BP Capital]] expecting to earn a 20% return. Cowboy Athletics took out loans and sold bonds to finance the stadium and athletic village using its investment as collateral. Although the Cowboy Athletics' investment in BP Capital grew to $400 million, it dropped in the recession to $125 million by the time that it was sold.<ref name=wsj>{{cite news|title=Boone Calls the Plays as Largess Complicates Life at Alma Mater|author=Ann Zimmerman and Leslie Scism|date=July 7, 2012|work=Wall Street Journal|page=A1}}</ref> |