NYU Stern Receives History-Making Gift

NYU Stern

The NYU Stern School of Business recently received a landmark gift of $53.6 million—the largest single gift in the school’s history and the largest total giving amount from a female donor. Alumna Anne E. Tasca’s donation will primarily fund student scholarships at the undergraduate and MBA levels. It will also endow a faculty chair in the name of her father, economist and American diplomat Henry J. Tasca.

The gift will focus on global study and immersive travel to foster learning through an international lens. A dual American and Italian citizen, Tasca was born in France, studied in Switzerland, attended high school in England, and lived in many parts of Europe before moving to the United States in the 1970s.

In honor of Tasca’s unprecedented bequest, and independently of the many scholarships that her gift will eventually fund, NYU Stern will award four new scholarships in her name, two each in the undergraduate and MBA programs in the 2023-24 academic year.

Raghu Sundaram, dean of NYU Stern, called Tasca’s generosity “breathtaking” in a statement announcing the news. “She is leaving a legacy that will provide generations of future Tasca Scholars access to the power of education and the ability to pursue it along with their dreams.”

“Education goes beyond just being an important goal for bright young students – it is the bedrock of our society and the foundation of our future,” Tasca said. “I am thrilled to be providing talented students access to the extraordinary and life-changing opportunities that will come from an education at the Stern School, and that will enable them to become the shapers of tomorrow.”

A Banner Year in Gifts for NYU Stern

Tasca’s bequest comes on the heels of another major gift to the NYU Stern School of Business. In January, the school received a $25 million testamentary gift from alumnus and Stern Executive Board member Kenneth G. Langone and his wife Elaine. In 1999, Langone donated $10 million to Stern, at which time the part-time MBA was named in his honor.

Scholarships for the Langone Part-Time MBA Program will target military veterans and active-duty military personnel in the program.

“Growing up in a working-class family, I was not only willing to work, but willing to work really hard. I quickly learned the value of a dollar and it changed the course of my life,” Langone said. “Now Elaine and I are in a position to pay it forward, to help other bootstrapping young professionals who want to make their mark on the world.”


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