Gifts and Donations

By BizEd Staff

February 20, 2017

February 20, 2017—Alumnus Robert Frick and his wife, Barbara, recently made a US$2 million commitment to support the Olin Business School at Washington University in St. Louis, Missouri. A commons area in the school's Knight Hall will be named Robert and Barbara Frick Commons in recognition of their contribution. This latest gift from the couple brings their total commitment to the facility to US$7 million. Robert Frick is a Washington University Emeritus Trustee.
January 31, 2017—Randall Powell and his wife, Kathy, have donated US$1.25 million to the Indiana University Kelley School of Business in Bloomington. Their gift supports the new Conrad Prebys Career Services Center, which will be named for them. Randall Powell was initially employed at the university as a computer programmer in 1963, was appointed to the business school's faculty in 1966, and later became assistant dean for company relations and director of business placement. In 2003 he stepped away from administrative responsibilities and served as a clinical professor of business administration until his retirement in 2005. Powell has also been an entrepreneur and a technologist, author, and consultant.
January 30, 2017—The newly named Cornell SC Johnson College of Business at Cornell University in Ithaca, New York, received a US$150 million gift from SC Johnson and its chairman and CEO, Fisk Johnson. The gift is the largest ever to be made to Cornell's main Ithaca campus and the second largest to name a business school. In addition to naming the college, the gift will also support a US$50 million challenge grant with a goal of raising an additional US$150 million, for an expected total of US$300 million to be used toward the college's endowment for faculty, students, and programs.
January 25, 2017—Tom Sumner and his wife Marilyn have made a US$5.5 million leadership gift to support the planned expansion of the Texas Christian University's Neeley School of Business in Fort Worth. The new and expanded facilities will include new south and east wings, innovative classrooms and learning spaces, a large auditorium, and the latest technology in higher education. The expansion and renovation is planned to begin this year. Tom Sumner, founder of six companies since 1979, is currently CEO and chairman of Allpoints Service Corp. and serves on the TCU Board of Trustees. The Sumners are both TCU alumni.
December 2, 2016—Fort Hays State University in Hays, KS, has received US$5 million gift from W.R. Robbins, an alumnus of Fort Hays State University, and his wife Yvonne, that will go to the newly renamed W.R. and Yvonne Robbins College of Business and Entrepreneurship. This donation will establish the Robbins Banking Institute within the college, create student scholarships, and provide general college support.
November 7, 2016—San Diego State University in California has announced the largest philanthropic gift in the history of the university. Local philanthropist and San Diego Padres executive chairman Ron Fowler and his wife, Alexis, have pledged a US$25 million endowment gift to SDSU’s College of Business Administration that will provide scholarships and professorships, develop a lecture series, and provide international experiences and expanded programming for SDSU business students. Established as a matching gift, this endowment challenges the university and its supporters to raise an additional $25 million for the college. The college has been renamed the Fowler College of Business Administration, marking the first time a college at SDSU has been named.
October 26, 2016—A US$5 million gift from Timothy Johnson, founder of Cincinnati-based Johnson Investment Counsel, will establish the Johnson Investment Counsel Institute at the University of Cincinnati Carl H. Lindner College of Business. The 225,000-square-foot building, slated to open in fall 2019, will feature top-notch facilities and promote collaboration with industry partners and robust student involvement. The institute will house the state-of-the-art Johnson Investment Counsel Investment Lab, where students can hone their skills to innovative hardware and software systems on a simulated trading floor. The gift further will support a dedicated director for the institute, a lab manager, and undergraduate and graduate scholarships.
October 17, 2016—The University of Toronto’s Rotman School of Management in Canada has received a CAN$1.75 million gift from Scotiabank to create the Scotiabank Disruptive Technologies Venture. In part, the money will provide funding for Rotman’s Creative Destruction Lab, a seed-stage program for massively scalable, science-based technology ventures. The money also will support research in the areas of machine learning and artificial intelligence, the creation of a design thinking internship, other initiatives related to design thinking, and the school’s artificial intelligence conference.
October 12, 2016—The Farmer School of Business at Miami University in Oxford, Ohio, received a US$40 million gift from Richard T. “Dick” and Joyce Farmer and the Farmer Family Foundation. The gift, which is the largest in the university’s history, will support all elements of the Farmer School of Business.