Donation News Organizations

Anonymous Donor Gives $50M

An anonymous donor has given the largest ever gift to a University of Kansas business school, of $50 million.

The University of Kansas’ School of Business received a monumental boost with an anonymous donor contributing a generous $50 million, marking the largest single gift in the history of the institution’s business school. This substantial endowment is set to make a profound impact on both undergraduate students and faculty research.

The donation has been strategically allocated to support various facets of the School of Business. Firstly, it will benefit undergraduate students by facilitating study abroad opportunities, fostering entrepreneurship endeavors, and enhancing career-focused programs. Additionally, it will fund initiatives aimed at promoting diversity in the school community.

Dan Martin, President of the KU Endowment, emphasized that while the size of the gift is remarkable, its true significance lies in the positive and far-reaching impact it will have on the university’s academic landscape. The donation will enable the business school to pursue its mission-driven initiatives, aspire to greater objectives, and identify future opportunities, ultimately ensuring the delivery of innovative and relevant business education.

Paige Fields, the Dean of the School of Business, echoed this sentiment, describing the $50 million gift as a transformative gift that will greatly benefit academic research and student success. It will allow the school to build upon its existing initiatives and evolve to provide cutting-edge business education.

The anonymous donor was reportedly inspired by the business school’s track record of achievements and the strategic planning efforts initiated in 2017. These efforts included the introduction of student certificate programs, curriculum updates, the establishment of a master’s degree program in business analytics, expanded research incentives for tenure-track faculty, and the enhancement of facilities in Capital Federal Hall.

This substantial gift follows a pattern of generous contributions to the University of Kansas, with the Sunderland Foundation previously donating $100 million to the University of Kansas Cancer Center in June, furthering advancements in cancer research and treatment on the university’s Kansas City campus.