Carolyn and Preston Butcher Endowed Presidential Scholarship in Business

Preston Butcher came to The University of Texas at Austin with great aspirations and a strong work ethic, and he left in 1962 with a degree in electrical engineering. After a short stint as an electrical contractor, Butcher was hired by the Trammel Crow Company/Lincoln Property Company and transferred to Northern California in 1968 to build apartments. In 1998, he and his partners bought Lincoln Property Company of Northern California and changed the name to Legacy Partners. Today, he works with Legacy Partners in Foster City, Calif., developing and managing residential income properties throughout the western United States.

Preston and his wife, Carolyn, believe that education is essential to success in life and are devoted to helping the nation’s top students pursue a degree at the McCombs School of Business. In March 2015, they established the Carolyn and Preston Butcher Endowed Presidential Scholarship in Business to support undergraduates in the McCombs School. This scholarship provides full tuition and fees for four years and is awarded to undergraduates who exhibit exceptional potential for academic, professional, and ethical leadership. Preston explains that their goal is to “help provide financial assistance to young, qualified students who might otherwise not be able to afford the admissions cost of attending UT.”

A volunteer at heart, Preston is an elder at Menlo Park Presbyterian Church and a director of the Church of the Pioneers Foundation. He also serves as director of the California Housing Council, which he co-founded. His dedication to success has been shown time and time again as his company, Legacy Partners, was honored by Multifamily Executive Magazine as Builder of the Year and received the prestigious “Pillars of the Industry Award.” His career demonstrates a desire and commitment to provide quality multifamily housing, while providing a positive impact on the industry.

Preston was chosen to serve as a lifetime member on the McCombs School of Business Advisory Council. He is also a member of the Policy Advisory Board of the Center for Real Estate at the University of California at Berkeley and is director of the Charles Schwab Corp.

With the establishment of the Carolyn and Preston Butcher Endowed Presidential Scholarship in Business, the Butchers will help future students develop the skills necessary to become dedicated and successful business leaders, while ensuring that the McCombs School remains at the forefront of business education.