Graduate Management News

February 2013

The Newsletter of the Graduate Management Admission Council

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From the Fundraising Desk

  • James Lee Sorenson has given US$13 million to the David Eccles School of Business at the University of Utah to create a center for global impact investing. Named for Sorenson, the center will engage students in creating sustainable change regionally and globally through high-impact social investment, innovative curriculum, and research.
  • Canada’s National Bank has announced a C$10 million donation to Campus Montréal to create an entrepreneurship center that will serve students at HEC Montréal, where the center will be based, Polytechnique Montréal and Université de Montréal.
  • The University of Washington announced that the Center for Innovation and Entrepreneurship in the Michael G. Foster School of Business will be named in recognition of alumnus Arthur W. Buerk, who along with his wife, Sue, gave US$5.2 million to ensure annual operating income for the center in perpetuity. Earlier, the couple established a separate endowment to support faculty studying entrepreneurship at the Foster School.
  • John Edwardson has given US$5 million to the University of Chicago Booth School of Business as the founding gift for the school’s social enterprise initiative, which supports student, faculty, and alumni interest in the social sector.
  • Hans Hufschmid has donated US$3 million to the UCLA Anderson School of Management to establish a chair in management.
  • The SGL Group will provide €1.75 million to endow a chair in supply side management at EBS Universität für Wirtschaft und Recht.
  • The Wharton School of the University of Pennsylvania has announced a US$1.65 million contribution from Ellen Hanson Perlman and Richard E. Perlman to sponsor prize money and support general operations of the annual Wharton business plan competition.
  • Following a commitment of US$1.5 million from Paul V. Profeta and a matching pledge from an anonymous donor who committed US$27 million to help Rutgers Business School hire 18 world-class faculty members, the school has established a chair in real estate named after Profeta. The school plans to recruit an academic leader to build an MBA concentration in real estate.

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