Week of August 7, 2017
Saint Joseph’s University in Philadelphia, Pennsylvania, has received a US$50 million gift from insurance professional James J. Maguire and his wife, Frances. The gift, the largest in the university’s history, will go to raise the endowment, expand the Maguire Scholars scholarship program, support other financial aid opportunities, and enhance academic programs. The gift also will establish several endowed funds in support of the school’s risk management and insurance program; in recognition, the academy that coordinates the program will be named the Maguire Academy of Risk Management and Insurance. Finally, the gift will support educational leadership programs for teachers in local Catholic and independent schools.
Week of July 24, 2017
Nobel laureate Harry Markowitz, a longtime adjunct professor at the Rady School of Management at the University of California San Diego, will establish the Barbara and Harry Markowitz Endowed Fellowship to support Rady students through the Markowitz Fellows Program. The fellowship program is designed to attract and support the most outstanding students in the area of the decision sciences, including mathematics, finance, and operations research. Markowitz also will donate his prestigious medals, including a Nobel Prize in economics awarded to Markowitz in 1990. All Markowitz’ gifts contribute to the Campaign for UC San Diego.
Week of July 17, 2017
Miami University’s Farmer School of Business in Oxford, Ohio, received a US$1.5 million gift from Dinesh and Ila Paliwal to create the Dinesh and Ila Paliwal Innovation Chair and the Dinesh and Ila Paliwal Scholarship. The chair will fund a full-time, tenure-track Farmer School faculty position. Dinesh Paliwal is president and CEO of Harman International.
Week of July 10, 2017
INSEAD, headquartered in Fontainebleau, France, has received a gift of €10 million (about US$10.6 million) in endowed funds to promote academic excellence in entrepreneurship. It is the single largest gift the school has received from an individual donor and an alumnus. The yield from the endowed gift will be used to establish several academic positions and PhD scholarships in the area of entrepreneurship.
The Harold Alfond Foundation has pledged up to US$4 million to Husson University to be used toward the construction of a new College of Business Building on the school’s campus in Bangor, Maine. The foundation will provide a $1 match for every $2 donated to Husson for the project, which has a fundraising goal of $16 million. Once completed, the new building will feature approximately 32,000 square feet of experiential classrooms and offices, supported by an advanced technology infrastructure. It will fuse business education with science, technology, engineering, art, and math (STEAM) opportunities with the goal of becoming an incubator of future jobs in the state. The foundation furthers the philanthropic efforts of Dexter Shoe Company founder Harold Alfond.