In June 2002, the Union secured funding from the University Co-operative Society for the Presidential Medallion Project. The funding supported the commission of fourteen new commemorative medallions to be on display in time for the 75th Anniversary celebration of The Texas Union in fall 2008. From 1944 to 2003, no portrait medallions of former university presidents had been added to the Union's Presidential Lobby. Sculptor David Deming, former UT Dean of Fine Arts and current president of The Cleveland Institute of Art, created fourteen new medallions to bring the collection up to date.
To preserve this unique tradition, the University Co-operativeSociety made a generous gift in March 2006 to establish the Texas Union—University Co-operative Society Presidential Medallion Endowment. The endowment income will fund the commission of portrait medallion honoring future university presidents.
The University Co-operative Society—a non-profit organization owned by the students, faculty and staff of the university-has served the UT community continuously since its founding in 1896. It is the largest seller of used textbooks in the country and the most profitable independent college bookstore in the United States. After-rebate profit is used to support university-related projects and activities.
A slate plaque displayed in the Union's Presidential Lobby recognizes the Co-op's generosity.