Gifts and Donations

Institutions announce new sources of funding.

The University of North Texas in Denton will create the G. Brint Ryan College of Business following a US$30 million commitment—the largest gift in university history—from alumnus G. Brint Ryan and his wife, Amanda. The gift will create at least six endowed chairs and provide funding for initiatives over seven years. Areas of focus include taxation and tax research, entrepreneurship, finance, logistics, information technology, cybersecurity, and behavioral accounting. Ryan, founder of a tax services firm and software provider, is also chairman of the UNT System Board of Regents.

The W.P. Carey Foundation will direct US$25 million toward a fundraising goal of $50 million for the W.P. Carey School of Business at Arizona State University in Tempe. Of these funds, approximately $15 million will support additional staff, mentors, and technology within the school’s career services function, and $10 million will endow two new faculty appointments known as the Carey Chairs. The donation marks the launch of a fundraising campaign, spearheaded by the W.P. Carey Foundation and the ASU Foundation, to raise an additional $25 million for the business school.

North Texas real estate developers Donna and Herb Weitzman have gifted US$3 million to the Naveen Jindal School of Management at the University of Texas in Dallas. The gift establishes the Herbert D. Weitzman Institute for Real Estate.

Badia Spices Inc. will donate US$1 million to Florida International University in Miami to create the Badia Spices Scholarship Endowment at the Chaplin School of Hospitality & Tourism Management. The school will use the endowment primarily to fund scholarships for first-generation Chaplin students, as well as programs that enrich their educational experiences.

Indiana University in Bloomington has announced a US$3 million gift from accounting firm Grant Thornton LLP to establish the Grant Thornton Institute for Data Exploration for Risk Assessment and Management, or GT-IDEA. The interdisciplinary institute will span IU Bloomington’s Kelley School of Business, the School of Public and Environmental Affairs, and the School of Informatics, Computing and Engineering. GT-IDEA students will gain experience working on real industry issues, engage in case studies and competitions, and interact with risk assessment and management practitioners from Grant Thornton. GT-IDEA will provide an integrated platform that allows users to explore emerging technologies and to measure, quantify, and predict risk with data.