Graduate Management News

September 2013

The Newsletter of the Graduate Management Admission Council

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From the Fundraising Desk

  • The University of Michigan has announced that Stephen M. Ross will give the university US$200 million. The Stephen M. Ross School of Business and U-M Athletics will each receive $100 million. When previous gifts are combined, Ross has now given the university more than US$313 million.

  • James R. Russell left a bequest of US$17 million to the Kellogg School of Management at Northwestern University. The gift will be used to create a MS in management studies program and establish a chaired professorship in Kellogg’s finance department.

  • London Business School has received a donation of £10 million from Nathan Kirsh for its endowment.

  • The Strome Family Foundation has pledged US$10 million to Old Dominion University to help develop a curriculum focused on entrepreneurship and support related initiatives in the College of Business and Public Administration.

  • M. Eric Johnson, dean of Vanderbilt University’s Owen Graduate School of Management, has been named as a principal co-investigator on a US$10 million, five-year grant from the Secure and Trustworthy Cyberspace program of the National Science Foundation. The grant will support research investigating ways to protect patient confidentiality and privacy as health organizations move towards the use of electronic medical records.

  • Rice University’s Jones Graduate School of Business has received US$2.5 million to launch the James S. Turley-Ernst & Young Leadership Development Initiative, designed to help Rice re-establish its master’s program in accounting and train future business leaders in the accounting profession. The gift includes US$1 million from Turley, US$500,000 from Ernst & Young and US$1 million from Ernst & Young Rice alumni and various partner donations in honor of Turley.

  • Researchers with Baylor University’s Texas Hunger Initiative and Hankamer School of Business have received a US$2 million grant from the Walmart Foundation to expand work to better understand the impact of summer and afterschool federal child nutrition programs and what can be done to improve them.

  • Eliza and Hugh Culverhouse Jr. have given US$1 million for scholarships to the Culverhouse College of Commerce at the University of Alabama.

  • The Mitchell and Kathryn Baran Family Foundation and Trudell Medical Limited have given C$1 million to support public policy and leadership education at the Ivey Business School at Western University.

  • Announcing that it had named its College of Business in honor of Don Soderquist, John Brown University also announced a US$2 million endowment for the school, which includes a US$1 million gift from the Soderquist Family Foundation and US$1 million from an anonymous donor.

  • The Philip E. and Carole R. Ratcliffe Foundation has committed US$1 million to the Franklin P. Perdue School of Business at Salisbury University for grants and loan guarantees to start new businesses.

  • H. Bernard Wehrle, III, and his wife, Cecilia, and the H.B. Wehrle Foundation have given US$1 million to create a program and professorship in supply chain management at West Virginia University’s College of Business and Economics.

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