On December 10, 2010, he donated $4 million to his alma mater, Washington and Lee University, to establish the Roger Mudd Center for the Study of Professional Ethics and to endow a Roger Mudd Professorship in Ethics. "For 60 years," he said, "I've been waiting for a chance to acknowledge Washington and Lee's gifts to me. Given the state of ethics in our current culture, this seems a fitting time to endow a center for the study of ethics, and my university is its fitting home."