Northeastern University receives groundbreaking gift for business school
September 14, 2012
Northeastern University recently received a $60 million gift for its College of Business Administration - the largest philanthropic contribution it has ever received - from two alumni. In honor of the gift, Northeastern will for the first time name one of the school's departments, calling it the D'Amore-McKim School of Business after Richard D'Amore and Alan McKim.
D'Amore and McKim originally teamed up in 2004 to endow a professorship in the department.
"This unprecedented investment will allow our School of Business to build on its strength in global entrepreneurial programs and make a quantum leap forward," said Northeastern president Joseph E. Aoun. "It will also galvanize our community and allow us to set our collective sights even higher."
This funding will help Northeastern's business school establish itself as a leader in the United States. It has recently been gaining notice for its top entrepreneurship, experiential learning and international programs.
Institutions that receive groundbreaking donations to improve their offerings can use a fundraising management
program to account for all incoming gifts and make sure funds are being distributed to the programs that require the most support.