Grants and Donations

Institutions announce new sources of funding.

The W.P. Carey Foundation, whose support launched Johns Hopkins University Carey Business School in Baltimore, Maryland, has made a US$25 million commitment to the school to recruit faculty, enhance academic programs, and help launch student careers. The gift will be matched with commitments from Johns Hopkins University and contributions from other donors for a total of $50 million. A portion of the gift will be used to establish James Carey Distinguished Professorships, which will focus on interdisciplinary research in fields that include the business of health.

The University of Illinois Urbana-Champaign has received a US$10 million commitment from Don Edwards and his wife, Anne. Of the gift, $7 million will go toward scholarships and initiatives within the Gies College of Business, where both the donors are alumni. The gift also supports Gies’ relationship with Discovery Partners Institute, a collaborative research and education center led by the University of Illinois System. Don Edwards, who is chair of the University of Illinois board of trustees, is the CEO of private equity firm Flexpoint Ford.

Durham University in the United Kingdom has received a £7.5 million (about US$9.7 million) donation from alumnus Charles Wilson and his partner Rowena Olegario to launch the Wilson Institute for Small Business and Entrepreneurship at Durham University Business School. The Wilson Institute will support entrepreneurs and business leaders, scholarships for low-income students, and an endowment for the university’s Institute of Hazard, Risk and Resilience. Wilson is chief executive of food wholesaler Booker Group within Tesco plc.

The U.K.-based Laidlaw Foundation, which invests in education for underprivileged and underrepresented groups, will fund scholarships for women at the University of Oxford’s Saïd Business School. The scholarships are intended for women who might not enroll in MBA programs because of financial constraints.