The $25 million gift by Leon Cooperman ’67 to support Columbia Business School’s planned new home in Manhattanville is just one of a slew of recent donations to the School by alumni and industry leaders.
In further support of the School’s forthcoming new home, Charles Tate ’72, chairman and founder of Capital Royalty and a member of the School’s Board of Overseers, recently pledged $2.5 million toward the project. In August, Board of Overseers member Paul Montrone ’66, chairman of Perspecta Trust, gave $1 million to help build the new facilities, which will encompass about 450,000 square feet of multifunctional spaces where students, faculty members, alumni, and practitioners can gather to exchange ideas.
An anonymous donor also recently pledged $10 million, $7.5 million of which will be used to support the School’s new facilities, and $2.5 million of which will support the Social Enterprise Program. In December, the School received a pledge for $3 million from First Eagle Investment Management to endow a professorship in value investing, building on the School’s legacy in this field.
To date, the School has raised more than $400 million as part of its capital campaign, including $146 million in pledges and gifts for its new facilities in Manhattanville. The campaign, which seeks to raise $600 million, was launched in 2004. Learn more about the School’s capital campaign.