Gifts and Donations

By BizEd Staff

April 13, 2017

April 13, 2017—INSEAD, headquartered in Fontainebleau, France, has received a gift of €10 million (about US$10.6 million) in endowed funds to promote academic excellence in entrepreneurship. It is the single largest gift the school has received from an individual donor and an alumnus. The yield from the endowed gift will be used to establish several academic positions and PhD scholarships in the area of entrepreneurship.
April 13, 2017—The Harold Alfond Foundation has pledged up to US$4 million to Husson University to be used toward the construction of a new College of Business Building on the school’s campus in Bangor, Maine. The Foundation will provide a $1 match for every $2 donated to Husson for the project, which has a fundraising goal of $16 million. Once completed, the new building will feature approximately 32,000 square feet of experiential classrooms and offices, supported by an advanced technology infrastructure. It will fuse business education with science, technology, engineering, art, and math (STEAM) opportunities with the goal of becoming an incubator of future jobs in the state. The foundation furthers the philanthropic efforts of Dexter Shoe Company founder Harold Alfond.
February 24, 2017—Marilyn Davies, CEO of Bailey Banks Seismic, has made a US$10 million gift to the University of Houston-Downtown College of Business, now named the Marilyn Davies College of Business. The college is the first named college in Houston and the first to be named for a woman, a distinction held by only four colleges of business nationally.

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.