Columbia Business School Edges Closer to Funding New NYC Campus: MBA News

By QS Contributor Updated Aug 27, 2019

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Columbia Business School's Campus for the Future

Columbia Business School Edges Closer to Funding New NYC Campus: MBA News main image

Two large pledged donations to Columbia Business School totalling US$40m have brought the school even closer to funding its planned new campus in Manhattan, New York City.

Coming from two of Columbia Business School's alumni, Arthur Sandburg and Mario Gabelli, the pledged donations follow a record matching US$100m donation earlier this year towards the creation of the New York City campus, offered by Ronald O Perelman. The total amount pledged towards the school's US$600m target now stands at roughly US$500m, Bloomberg Businessweek reports.

Columbia Business School's Campus for the Future

The future Columbia Business School Campus in Manhattanville is designed to aid future students at the school to be decisive, innovative, and successful leaders during the constantly evolving current and future world of business.

According to Columbia Business School, once it is complete the new campus will:

•   Help students with the development of social intelligence–based skills, such as leadership, management, teamwork, and negotiation.
•   Aid the creation and strengthening of social networks among students, faculty members, alumni, and business practitioners.
•   Facilitate the integration of cutting-edge technology into teaching and research.

Speaking of the pledged donation, Glenn Hubbard, dean of Columbia Business School, explained that the two donors, both members of the school’s Board of Overseers, have helped ensure the vision for the new campus.

“I am extraordinarily grateful to accept these generous pledges. Art and Mario’s decades–long involvement at the highest levels of the school’s leadership has helped put Columbia Business School at the forefront of management education,” said Hubbard.

“Thanks to their support, our new Manhattanville campus will feature classrooms of tomorrow and other cutting–edge innovations that will allow us to continue preparing the next generation of business leaders to confront the challenges of the 21st century economy.”

Find out more about Columbia Business School >