U-M Ross Business School Secures $50M+ for Foundation for Success Program

The Ross School of Business at the University of Michigan in Ann Arbor has received more than $50 million in contributions to its Foundations for Success student support fundraising initiative announced last fall.
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The U-M Ross School of Business has received more than $50 million in contributions to help support the programs students. // Courtesy of the University of Michigan
The U-M Ross School of Business has received more than $50 million in contributions to help support the programs students. // Courtesy of the University of Michigan

The Ross School of Business at the University of Michigan in Ann Arbor has received more than $50 million in contributions to its Foundations for Success student support fundraising initiative announced last fall.

The Foundations for Success initiative — aimed at increasing access to the top-ranked business programs and supporting students at Michigan Ross — has the goal of raising $200 million. The school raised $50.4 million, over 25 percent of its goal, by the end of its last fiscal year, including $2.5 million from two new gifts.

“We are very thankful to our donors for supporting this initiative,” says Sharon Matusik, the Edward J. Frey Dean of Business at Michigan Ross. “Their support will go a long way in supporting our students and making the opportunity to receive a world-class education at Michigan Ross more accessible to students from all backgrounds and experiences.”

The Ross School recently received two significant gifts, totaling $2.5 million, to support students in its Bachelor of Business Administration and MBA programs.

Howard Epstein and his wife, Sharon Epstein, committed $1 million to establish the Sharon and Howard Epstein Family Scholarship for exceptional BBA students involved in one of the diversity, outreach, or pipeline programs at Michigan Ross.

These programs — which include the Preparation Initiative, Summer Business Academy, MREACH, and Ross Summer Connection — help prepare high school and incoming BBA students to thrive in the challenging academic environment at Ross.

“Sharon and I both feel strongly about the importance of removing barriers to higher education,” says Howard. “We are grateful to know that our new scholarship will help open doors to a Ross BBA education for many aspiring students in the coming years.”

Ross School Advisory Board member Timothy Sloan and his wife Elise Sloan also made a gift of $1.5 million toward the Sloan Family Scholarship, which was established at Michigan Ross in 2020 to provide need-based support for MBA students with an aptitude for leadership.

“Some of the brightest minds in business are graduating with MBAs from Michigan Ross,” says Timothy Sloan. “By further investing in the Sloan Family Scholarship, we hope to build on the legacy of leadership of the school and its exceptional MBA graduates.”

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