Gifts and Donations

Institutions announce new sources of funding.

Canadian football wide receiver and retired executive Stu Lang and his wife, Kim, have committed CAN$21 million (about US$15.6 million) to the University of Guelph in Ontario, Canada. In response to the gift, which is the largest single donation in the university’s history, the university will rename its business faculty the Gordon S. Lang School of Business and Economics. The name change honors Stu Lang’s late father, who created CCL Industries. The gift, which will be distributed over the next decade, will fund new chairs in finance, marketing, leadership, and sports leadership.

Bryant University in Smithfield, Rhode Island, has announced that its current capital campaign has exceeded its stretch goal of US$100 million with several months to go. Recent donations include a $7.5 million pledge from an anonymous Bryant alumnus, as well as a $1 million commitment from Bryant University president Ronald K. Machtley and his wife, Kati C. Machtley, director of the Bryant University Women’s Summit. Money from the campaign will be used for scholarships, facilities, global initiatives, and strategic academic and student life programs. The university also announced the creation of the John ’01H and Jeanne Rowe Professor of Data Science position, which will be held by James Shanahan as inaugural chair.

Advertise With BizEd