New developments are on the horizon at the Yale School of Management (SOM) and the Goizueta Business School at Emory University, after the schools recently received their largest respective donations to date.
The Eli and Edythe Broad Foundation, established by and named after the philanthropist couple, gifted Yale SOM with $100M to fund The Broad Center at the school. The Broad Center will offer a tuition-free master’s degree intended for education leaders in the early stages of their career, in addition to a tuition-free leadership training program and a research project focusing on public education leadership data. Founded in 1999, The Broad Foundation concentrates on public education, science, and the arts.
“Those outside our community may be surprised to see a business school dedicate a major program to public education, but this is exactly the type of issue our school has always cared about—one where leadership informed by systemic thinking, rigorous analysis, and compassion can make a real difference for communities,” Yale SOM Dean Kerwin K. Charles stated in the announcement of the donation. “We share this core vision with The Broad Foundation, and I am excited to see how the strengths of this school and the strengths of The Broad Center can combine to help us realize it.”
Meanwhile, Goizueta Business School received a gift from a foundation with quite a familiar name: the Goizueta Foundation, established by the late former Coca-Cola CEO Roberto C. Goizueta. The $30M donation will be used to create the Roberto C. Goizueta Global Classroom, the Roberto C. Goizueta Institute for Business and Society, and the Roberto C. Goizueta Innovation Center. Further, the gift will be allotted to the development of such learning tools as “pop-up” hologram campuses and experiential learning virtual reality simulations, and for the expansion of social responsibility programs and entrepreneurship programs at the school.
“Leveraging the support of The Goizueta Foundation and the strengths of the Goizueta Business School is the formula that allows philanthropy to be a catalyst for meaningful change,” said Joshua R. Newton, Emory’s senior vice president of advancement and alumni engagement, in the news release regarding the donation. “This gift will propel business education far beyond today’s classroom to redefine what it means for students in years to come and the ever-changing communities they will impact.”