Columbia Business School Receives $25 Million Gift Toward New Facilities and Social Enterprise Program

NEW YORK, Sept. 5, 2012 /PRNewswire/ -- Columbia Business School announced today that an anonymous donor has pledged a gift of $25 million. 

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The gift will be used two-fold. Of the total amount, $23.25 million will support the construction of the School's new home on Columbia University's Manhattanville Campus. The remaining $1.75 million will bolster the School's Social Enterprise Program. Through the program's initiatives, students develop a perspective on how to apply business skills to social enterprise endeavors and align personal and professional values in careers that result in social benefits to the broader community.

The School's Manhattanville Campus – designed by renowned New York architecture firm Diller Scofidio + Renfro – will reflect the fast-paced, high-tech, and highly social character of business in the 21st century. The facilities will create multifunctional spaces that foster a sense of community – spaces where students, faculty members, alumni, and external constituents can gather to exchange ideas.

The gift is the third major donation in support of the future Columbia Business School campus, which will be part of Columbia University's expansion just north of its Morningside Campus. The donor joins Henry R. Kravis '69, co-founder, co-chairman, and co-CEO of Kohlberg Kravis Roberts & Co. (KKR) and co-chair of the School's Board of Overseers, who pledged $100 million for the project in October 2010, and Leon Cooperman '67, chairman and CEO of Omega Advisors and also a member of the board, who donated $25 million to the new campus in April.

About Columbia Business School
Led by Dean Glenn Hubbard, the Russell L. Carson Professor of Finance and Economics, Columbia Business School is at the forefront of management education for a rapidly changing world. The school's cutting-edge curriculum bridges academic theory and practice, equipping students with an entrepreneurial mindset to recognize and capture opportunity in a competitive business environment. Beyond academic rigor and teaching excellence, the school offers programs that are designed to give students practical experience making decisions in real-world environments. The school offers MBA and Executive MBA (EMBA) degrees, as well as non-degree Executive Education programs. For more information, visit www.gsb.columbia.edu.

SOURCE Columbia Business School

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