The Simon School of Business at the University of Rochester received two major gifts from international donors, totaling $3 million, to establish endowed professorships.
The Wadhawan family, leaders of a multibillion dollar conglomerate comprising housing finance, retail supermarkets, real estate development, and restaurant and hotels chains across India, pledged $1.5 million to establish an endowed professorship fund at the Simon School.
The gift is the first of its kind from an Indian family to a top-tier U.S. business school. The Rajesh Wadhawan Professorship Fund will be used to support a full-time faculty member who plays a leading role in advancing the standing of the Simon School and management education through service and teaching contributions with a preference for a professor making an impact in India.
The fund is an effort to build upon the Simon School’s top-ranked business education by growing its world-class faculty, school officials said. Simon School faculty will begin teaching non-degree executive education courses for firms in India beginning this academic year.
Another $1.5 million gift came from Evans Lam, who received a bachelor of arts degree at UR in 1983 and an MBA in 1984, and his wife, Susanna. The gift will allow the Simon School to attract global business scholars from around the world, officials said.
“We are most grateful to the Wadhawan and Lam families for their investment in the future of the Simon School,” said Mark Zupan, dean of the Simon School. “Their gifts will enable us to bring premier scholars to Simon to train the world’s future business leaders.
“We are also immensely grateful for their willingness to set a new example of philanthropy from international donors to top-tier schools of business in the United States.”
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