The University of San Diego in California has received a leadership gift of US$20 million from former Clorox CEO Donald Knauss and his wife, Ellie. The gift will launch the construction of a new complex for the School of Business. The new facility will be located adjacent to the current building, which will be renovated once the new structure is complete. The final consolidated complex, which will be named for the Knausses, is expected to cost US$67 million, encompass more than 120,000 square feet, and be completed in 2022.
New York University’s Stern School of Business has established the Fubon Center for Technology, Business and Innovation, with the support of an US$8 million endowment gift. The money was provided by alumnus Richard Ming-Hsing Tsai, chairman and CEO of Fubon Financial Holding Co. Ltd., as well as by Fubon Financial Holding Co. Ltd. The center will serve as a hub for cross-disciplinary collaboration in research and course development.