NYU Stern Receives $20 Mil Gift from Hedge Fund Founder

stacks of moneyNYU Stern School of Business announced Friday that alumnus John Paulson, founder and chairman of hedge fund Paulson & Co., Inc., has given a gift of $20 million to NYU Stern.

This gift will endow two faculty chairs ”“ the Alan Greenspan Chair in Economics and the John A. Paulson Professor of Finance and Alternative Investments ”“ as well as provide approximately $11 million for the school’s Concourse Project, a major facilities renovation currently underway, and scholarship aid for undergraduate students, the school explained in a statement announcing the news.

Paulson, who graduated with a bachelor’s degree from Stern in 1978, is one of the largest alternative asset managers in the world and also a member of Stern’s board of overseers.

“We are extremely grateful for John’s support,” said Thomas F. Cooley, dean of NYU Stern. “His generous gift will not only further strengthen Stern’s research capability, particularly in the areas of finance and economics, and provide scholarships for undergraduate business students but it will also help us provide our students with a modernized learning environment that matches the high quality educational experience we deliver.”

(image courtesy of Flickr user purpleslog, CC 2.0)

* * * * *

SBC_Harvard_Essay_Guide-150x150If you are feeling stumped by your application essays and need some additional guidance, check out our NEW series of essay guides for MBA applications. Columbia, Harvard, Kellogg, Stanford and Wharton available now. They are seriously terrific and we are proud to say that almost every person who has ordered one has come back for more!

Contact

(323) 934-3936
info@StacyBlackman.com

Latest Blog Post

The Scoop on College Senior MBA Programs

Over the past decade-plus, business schools have become increasingly keen to pique the interest of college senior MBA applicants. They realize that such candidates can make significant contributions to the classroom dynamic despite their ...