Billionaire David Geffen Makes $75 Million Pledge To Columbia Business School

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Leisure trade billionaire David Geffen has three document labels and the Dreamworks animation studio to his title, and he is additionally distinguished himself as a prolific philanthropist. His newest huge reward is to the tune of $75 million. The reward will profit Columbia Business School – and extra particularly, it would go in the direction of the development of two new buildings on the college’s campus in Manhattan.

In commemoration of Geffen’s pledge, a type of two buildings will likely be named David Geffen Corridor. The buildings will likely be positioned proper throughout from Henry R. Kravis Corridor on the college (Kravis is one other rich philanthropist who made a pledge of some $100 million in the direction of Columbia Business School a few decade in the past).

In a press launch, Geffen spoke briefly on his choice to share a little bit of his wealth with Columbia Business School:

“I am proud to supply help for the Columbia Business School at this second of alternative and alter…The college is among the many better of its type on the planet and can put together future generations of enterprise leaders.”

Stephen Lovekin/Getty Photographs

Geffen’s profession in leisure stretches again a long time to a fabled expertise company mailroom job in 1978. From that humble starting David put collectively an unbelievable accumulation of boardroom achievements. And regardless of (or maybe due to) his personal lack of faculty schooling, he is chosen to dedicate a lot of his philanthropic efforts to varied academic channels, of which Columbia Business School is barely the newest.

He is already given round $300 million to the UCLA medical college, a lot that the establishment is now named after him. He has additionally given sufficient cash to create what’s now often known as Yale’s David Geffen School of Drama, which not too long ago announced a decision to go completely tuition-free following a present of $150 million from Geffen himself.

The donation to Columbia Business School will double the practical sq. footage of the campus, with the brand new buildings totaling nearly 500,000 sq. toes.


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