Michigan State University’s business school has secured $25 million through the school’s $1.5-billion capital campaign, the public phase of which launched last week.
Plans call to leverage the donation — made by Eli and Edythe Broad — to raise another $80 million through matching gifts from other donors to expand the college’s MBA and other graduate programs.
“This latest gift entrusts us with significant resources to build and grow the quality and reputation of the Eli Broad College of Business, which will help ensure our students and faculty have the tools to make a difference in business and society,” says Lou Anna K. Simon, president of the university.
One major goal is to construct a $60-million graduate pavilion to house the MBA and professional graduate programs of the Eli Broad Graduate School of Management. The facility will provide the collaborative learning spaces and the latest technology needed to launch groundbreaking initiatives in education, says Sanjay Gupta, acting dean and professor in accounting.
The campaign will support several scholarship endowments as well as experiential learning opportunities for students; continued development of innovative curriculum; and a leadership talent fund to recruit executives in residence, distinguished speakers, and thought leaders.
“The investment of the Broad challenge gift and the additional gifts it will leverage are crucial for the continued improvement of the college in a very competitive environment,” Gupta says. “More importantly, it will allow us to aggressively innovate and evolve our graduate programs.”
This latest commitment brings the total gifts to MSU from the Broads and their related foundation to nearly $100 million.
The university embarked on the silent phase of the overall campaign — Empower Extraordinary, the Campaign for Michigan State University — in July 2011. To date, more than $780 million have been raised in gift commitments.
To learn more about the campaign, visit empower.msu.edu.