Alumnus Gives Yale SOM $50M, Largest Gift in School’s History
The Yale School of Management has received the largest gift in its history with a $50 million pledge from Yale College alumnus Edward (Ned) P. Evans to support the construction of SOM’s new state-of-the-art campus.
Yale University President Richard C. Levin announced the news today, saying, “The School of Management’s new home will be as forward-looking as its pioneering curriculum. With this gift, Ned Evans has expressed confidence in the School’s future and ensured that construction can proceed without putting undue pressure on our budget. We are immensely grateful for his generosity, and proud that his name will now be associated with this spectacular new facility.”
The new 4.25 acre campus, designed by the architecture firm Foster + Partners to incorporate the latest in “green” construction materials and practices, will house high-tech classrooms, faculty offices, academic centers, and student and meeting spaces organized around a welcoming courtyard. Evans gift will be recognized with the naming of the new facility as Edward P. Evans Hall.
Evans, now a private investor, made a significant gift in 1991 to support the renovation and expansion of the Yale University Press building, which was recognized with the naming of the Evans Wing. He has also contributed to the renovation of the residential colleges. With this new gift, the school says Evans joins a group of transformative donors whose generosity to Yale will reverberate for decades to come.
Dean of the Yale School of Management Sharon Oster says Evans gift will enable the school to expand its influence in the world of scholarship and practice and further contribute to the Yale University community. Evans, for his part, says he is “delighted to make this gift that will bring together the Yale School of Management on a beautiful new campus, enlarge its student body, and propel it to the highest level in the 21st century.”