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.