Get the latest news in the graduate management education industry.
Alfond Foundation grant to facilitate merge of U. Maine system’s graduate programs. A $7.5 million gift of the Harold Alfond Foundation will be used toward the University of Maine System’s push to merge its graduate business programs and law school. The system calls the grant a major step toward bringing its concept for the Maine Center for Graduate and Professional Studies to fruition. The center would bring the masters of business administration programs at the University of Maine and University of Southern Maine, as well as the Maine Law School, and University of Southern Maine Muskie School of Public Service graduate programs and its Cutler Institute for Health and Social Policy under one roof in Portland. The new consortium aims to boost cooperation among the schools and groups involved, and attract more students to a program that can change and evolve quickly as the disciplines of business, law and public policy intermingle and evolve. This grant brings the Alfond Foundation’s total support for planning and creating the center to $9.25 million.
Darden achieves record fundraising year. The University of Virginia Darden School of Business generated more than $30 million in contributions, which included $30.6 million in overall new commitments, $5.4 million raised for the annual fund, $13.7 million in new commitments for student scholarships, and a new-record reunion giving total of $9 million.