Week of October 30, 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.
The College of Business at Iowa State University in Ames has received a US$50 million commitment from Debbie and Jerry Ivy. In recognition of the largest-ever commitment to the college, the school will be renamed the Debbie and Jerry Ivy College of Business, making it the first donor-named college at the university. Jerry Ivy, an alum of the school, is president and CEO of Auto-Chlor System; Debbie Ivy is a member of the executive team. The gift will establish an endowed fund that will provide approximately $2 million annually for the business school. Most immediately, the gift will build momentum in several of the school’s key priorities, including an entrepreneurship initiative, an existing supply chain management program, and a new business analytics program.
Sanjay Shah has committed US$5 million to Lehigh University’s College of Business and Economics in Bethlehem, Pennsylvania. The donation will be used to enhance executive education and strengthen connections between the college and industry. Shah, an alum, is founder and CEO of software company Vistex. His gift inspires the name of the new Vistex Institute for Executive Learning and Research, which will be led by David E. Welsh.
Nobel laureate Harry Markowitz, a longtime adjunct professor at the Rady School of Management at the University of California San Diego, has committed US$4 million to establish the Barbara and Harry Markowitz Endowed Fellowship to support Rady students through the Markowitz Fellows Program. The fellowship is awarded to outstanding students in decision sciences, including math, finance, and operations research. Markowitz also will donate his prestigious medals, including a Nobel Prize in economics awarded to him in 1990.
Ernst & Young LLP has given a US$1 million gift to the Eli Broad College of Business at Michigan State University in East Lansing to establish the EY Analytics Collaboratory, a virtual-learning platform. The gift will support the development of live cases and customized course materials, as well as a cloud-based virtual learning infrastructure. EY’s analytics and infrastructure development professionals will work alongside the Broad College to build the collaboratory, which the school tentatively plans to open for enrollment in fall 2018.
Gail Kelly, former chief executive officer of the Westpac Group, has donated AUD$1 million to the University of South Wales Business School in Sydney, Australia, to support an international exchange program with the University of Cape Town’s Faculty of Commerce in South Africa. The donation will fund two annual scholarships.