LINCOLN, Neb. (AP) — A former U.S. trade representative and agriculture secretary has pledged $2.5 million toward establishment of a new international trade and finance institute at the University of Nebraska-Lincoln.

The university announced Monday that Clayton Yeutter’s outright gift and commitment will be used for what will be called the Clayton K. Yeutter Institute of International Trade and Finance. The plan awaits a vote by the University of Nebraska Board of Regents.

Yeutter, who lives in Potomac, Maryland, was born in 1930 in Eustis, Nebraska, and has served four U.S. presidents in a career spanning several decades. He earned all of his degrees at the University of Nebraska, beginning with a bachelor’s in 1952.