B-school alumni giving big for school's new home

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Alumni of Columbia Business School have recently pledged large gifts for two new buildings planned for the school on the Manhattanville campus.

Leon Cooperman ’67BUS, the founder and CEO of the investment company Omega Advisors, donated $25 million for the facilities in April. Soon after, an anonymous donor pledged $23.5 million. Charles Tate ’72BUS followed with $2.5 million, and Paul Montrone ’66BUS with $1 million. The B-school has now raised $174 million for its new home, with $100 million having come from Henry R. Kravis ’69BUS in 2010; its fundraising goal for the project is $400 million.

Leon Cooperman ’67BUS speaking to MBA students last spring / Courtesy of Columbia Business School

Cooperman says that he and his wife, Toby, have taken the “giving pledge” advocated by Warren Buffett ’51BUS and Bill Gates, which calls for wealthy Americans to donate the majority of their fortunes.

“Columbia opened the door to my successful career and was the place where I made friendships that have lasted my entire adult life,” he says. “It’s both a pleasure and an honor to be able to give back.”

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