Harvard Business School receives $10 million donation
July 02, 2013
Especially after achieving success, many individuals are particularly generous to their alma maters. They like to give back to the schools that enabled them to learn the skills they needed to get to where they are.
This was the case recently when the family of the late William Connell gave $10 million to Harvard Business School to create the Margot and William F. Connell Family MBA Program Innovation Fund, according to the Boston Business Journal. This is the second $10 million donation made by the family, the first occurring shortly after Connell's death in 2001.
The money will be put toward curriculum innovation, the news source said, particularly for second-year business students.
This donation comes on the heels of another donation made to a Harvard graduate school. The National Law Journal reported that Morgan Chu recently gave $5 million to Harvard Law School. The money will be used to form the Morgan and Helen Chu Dean's Professorship in order to make the most of the leadership qualities of the dean.
Organizations that are looking to raise funds through grant opportunities or local campaigns can use nonprofit financial management solutions to improve their chances of success. The software can help program leaders identify potential donors and send out applications with accurate accounting information.