Stanford University has received a $5 million gift for its Center for Ethics in Society from longtime supporters Bowen H. "Buzz" McCoy, class of 1958, and his wife, Barbara.

The McCoys have now donated a cumulative $10 million to the center, which will be renamed the Bowen H. McCoy Family Center for Ethics in Society. The center is also funded by other donors, including $3 million from the William and Flora Hewlett Foundation.

The ethics center will be linked to faculty and programs in every school at Stanford and will later move into the new Stanford Law School when that building is completed.

Buzz McCoy, who formerly worked at Morgan Stanley, became interested in ethics while a student with his first wife, Janice Arthur McCoy Miller, class of 1960, supporting an ethics program at the Graduate School of Business.

"Ethics plays a critical role in Stanford's mission of educating students who will become leaders in today's complex and interrelated world," Stanford President John Hennessy said. "The McCoys have long been our partners in this effort, and this gift will help us to broaden the scope of activities at the ethics center."