Alpaugh Family Legacy Continues with $10M Gift

Gift will support the Alpaugh Family Economics Center at the University of Cincinnati.

Published on Feb. 3, 2026

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The Alpaugh Foundation has made a $10 million estate gift to the Alpaugh Family Economics Center at the University of Cincinnati, continuing the family's decades-long commitment to the center and its mission of providing financial and economic education to young people.

Why it matters

The Alpaugh family has been deeply involved with the economics center since its founding in 1976, believing that financial literacy is crucial for helping young people make better choices throughout their lives. This latest gift will ensure the center's work continues for years to come.

The details

The $10 million gift reflects a lifetime of commitment from Peter Alpaugh, whose father Walter "Pete" Alpaugh was one of the center's original founders. 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.

  • The Alpaugh Family Economics Center was founded in 1976.
  • Peter Alpaugh has supported the center for decades through leadership, engagement, encouragement, and multiple major gifts.

The players

Peter Alpaugh

A longtime supporter of the Alpaugh Family Economics Center who has made this $10 million estate gift to continue the center's work.

Walter "Pete" Alpaugh

One of the original founders of the Alpaugh Family Economics Center in 1976 and Peter Alpaugh's father.

Alpaugh Foundation

The organization that has made the $10 million estate gift to support the Alpaugh Family Economics Center.

University of Cincinnati

The university that houses the Alpaugh Family Economics Center and has received over $16 million in donations from the Alpaugh family.

Alpaugh Family Economics Center

The center at the University of Cincinnati that the Alpaugh family has supported for over 50 years, with a mission of providing financial and economic education to young people.

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What they’re saying

“The Alpaugh Family Economics Center has been important to my family since the beginning. 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.”

— Peter Alpaugh (Mirage News)

“This gift represents the continuation of a promise the Alpaugh family made to this center 50 years ago. 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.”

— Brad Evans, Co-executive Director, Alpaugh Family Economics Center (Mirage News)

What’s next

The Alpaugh Family Economics Center plans to use the $10 million gift to expand its reach and impact for generations to come, continuing the Alpaugh family's legacy of supporting financial literacy education.

The takeaway

The Alpaugh family's multi-generational commitment to the economics center at the University of Cincinnati demonstrates the power of philanthropic partnerships in sustaining important educational initiatives over the long term. Their belief in the transformative potential of financial literacy for young people will continue to shape lives for decades to come.