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November 2012

The Newsletter of the Graduate Management Admission Council

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From the Fundraising Desk

Harvard University and Harvard Business School have received a US$40 million gift from the James Si-Cheng Chao and Family Foundation, given in tribute to the late Ruth Mulan Chu Chao. Of the gift, US$5 million will provide fellowship assistance to students of Chinese heritage. The remaining US$35 million will support construction of a new executive education facility, the Ruth Mulan Chu Chao Center, that will serve as the gateway to Harvard Business School for the more than 10,000 executives who attend classes there each year. The Chao family—the only one in the school’s history to have had four daughters attend —made their gift during the 50th anniversary celebration of women in Harvard’s full-time MBA program and the 375th anniversary of Harvard University.

Capitol Federal Foundation has committed a US$20 million lead gift toward construction of a School of Business building at the University of Kansas.

A US$5 million gift from Andy and Barbara Taylor to the University of Denver’s Daniels College of Business will establish a career services center for undergraduates and fund scholarships for internships with non-profit and government organizations.

The University of Chicago Booth School of Business has received a US$3.6 million grant from the John Templeton Foundation to launch a project called “New Paths to Purpose,” which will study how people can more effectively pursue and fulfill their stated purposes in life.

David Nevins has donated US$1.1 million to support scholarships for minority students at the Smeal College of Business at Pennsylvania State University.

Business executive John Grill has donated AUS$20 million to the University of Sydney to establish a multidisciplinary center for project leadership that will engage the University of Sydney Business School, among other university units.

Champlain College has received US$10 million from Robert and Christine Stiller through the Stiller Family Foundation, and will name its business school the Robert P. Stiller School of Business.

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