Lauded by Glenn Hubbard, the dean of the Business School in 2009, the generous gifts were used to improve the school’s learning program by launching strategic initiatives aimed at increasing and developing the school’s faculty.
The largest donation, $25 million by Mr. Samberg, was a challenge grant to motivate other supporters of the school to donate. It was used to recruit new faculty for the school’s burgeoning subject areas. The donation by Mr. Carson, $10 million, was an unrestricted donation. It was used to support business practice partnerships that allowed the school to collaborate with outside business leaders to offer internships, sabbaticals, and research partnerships. It was also used to bolster the school’s social enterprise program.
The last $10 million, donated by Mr. Kravis, was used to establish a case study development center. The center provides students with an opportunity to apply their analytical skills in making decisions based on qualitative data that mirrors the world business environment.