Morgan Stanley Adds to Columbia’s Manhattanville Fund: MBA News

By Tim Dhoul Updated Dec 09, 2019

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Introduction
Value of connections emphasized by Columbia Business School dean
Manhattanville campus project

Columbia Business School receives funds from Morgan Stanley

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Columbia Business School (CBS) has received a US$5. 25 million donation from Morgan Stanley to be used towards the ongoing construction of facilities at the school’s new home at the university’s Manhattanville campus.

Two buildings will house the business school as part of Columbia's campus expansion project and the money from Morgan Stanley has won it the naming rights for a 74-seat classroom with adjoining study rooms in each building.

The US$5.25 million figure is the largest corporate contribution to the Manhattanville campus to date. However, this amount is dwarfed by the US$100 million donations pledged by Henry Kravis and Ronald Perelman – graduates of Columbia Business School and Wharton, respectively, and for whom the two new buildings are to be named.

Value of connections emphasized by Columbia Business School dean

At an event held last month at Morgan Stanley’s headquarters, Columbia Business School’s dean, Glenn Hubbard, emphasized the importance the school attaches to its corporate connections:

“We have more connections with the world around us than any of our peers — such as with firms like Morgan Stanley — and we deliver that network regularly in our classrooms, in our research centers, and in the experiences of students, faculty, alumni, and staff.”

Manhattanville campus project

Moving into the Manhattanville campus buildings will more than double Columbia Business School’s current operating space. This phase of the university’s campus project is slated for completion by 2020. However, back in 2013 Hubbard suggested that the business school’s move could take place in 2017/18. Work originally started on the campus back in 2008.

One of Columbia Business School’s neighbors at its new location is to be a brain science institute designed by Renzo Piano, who is also known for his design of the Shard in London and the Centre Pompidou in Paris. But, it is New York City-based architecture firm, Diller Scofidio + Renfro, which is behind the design – which will ‘incorporate zigzag cutaway façades’ - of the business school’s new digs.

Written by

Tim Dhoul

Tim is a writer with a background in consumer journalism and charity communications. He trained as a journalist in the UK and holds degrees in history (BA) and Latin American studies (MA).