The University of Kansas says a $7.2 million gift will be used to create a new center within the university’s School of Business.

The university on Tuesday announced that Roger and Julie Davis of Chicago donated $250,000 plus committed $7 million from their estate for a Center for Figure Sense, which will teach students how to use complex data to make better business decisions.

The university says no new classes will be created but the money will fund the hiring of an academic director to work with faculty and staff.

Roger Davis is owner of Paxton/Patterson in Chicago. The couple previously donated $1 million toward construction of Capitol Federal Hall.

The new center will be formally announced at a ceremony on Friday and is expected to open in spring 2016.