Wheaton College in Norton, Massachusetts, has received a US$10 million commitment from the Diana Davis Spencer Foundation to establish an endowed professorship in social entrepreneurship, fund entrepreneurial education, and launch a fundraising challenge to create a dedicated space for all of the school’s social innovation programming. Among the school’s current offerings in social entrepreneurship is a semesterlong program that includes an intensive boot camp offered in partnership with the Global Center for Social Entrepreneurship Network, which provides schools with ready-to-use blended learning curricula. The school also partners with MassChallenge, a startup incubator in Boston; the Social Entrepreneurship Greenhouse, a network of business leaders in Providence, Rhode Island; and the College for Social Innovation in Boston.
A St. Louis-based family has contributed US$12 million to establish the Koch Center for Family Business at the Olin Business School at Washington University in St. Louis, Missouri. The gift also will endow two distinguished professorships: one affiliated with the center at Olin and the other at the School of Law. The family—which includes brothers Paul and Roger Koch; Paul’s wife, Elke; and Roger’s wife, Fran—has made the gift to raise awareness and support research about the complexities of family businesses.
Angelo State University in San Angelo, Texas, has received a combined US$5 million gift from ASU alumni Lloyd Norris and Blake and Bryan Vincent to benefit ASU’s College of Business. To recognize the largest gift ever directed to the College of Business, the school has been named the Norris-Vincent College of Business. Among other efforts, the gift will allow the school to encourage entrepreneurship among ASU students and in the community.
HEC Paris is receiving €3.7 million (more than US$4.3 million) from Hubert Joly, CEO of Best Buy, to create the Joly Family Endowed Chair in Purposeful Leadership. Rodolphe Durand has been named as the inaugural holder of the chair, which is intended as a first step toward positioning the school as a center of excellence for the study of purposeful leadership. Durand currently is a professor of strategy and business policy at HEC Paris and the academic director of the Society and Organizations Center.