Dartmouth’s Tuck School of Business has received a gift of $15 million from alumnus Paul Raether and his family in support of scholarship funding. The gift ties the record for the largest philanthropic donation ever given to Tuck.
This historic pledge comes at the end of a banner year for scholarship fundraising for Tuck, the school noted when announcing the news. Tuck alumni in 2017 have pledged or given $20 million for scholarship support, which will substantially strengthen Tuck’s ability to enroll outstanding students who, absent funding, might not attend Tuck.
“This gift will have a tremendous impact on one of Tuck’s most important strategic priorities: enrolling incoming students who aspire to wise leadership, and who will contribute to and thrive in Tuck’s distinctly immersive learning community,” says Luke Anthony Peña, executive director of admissions and financial aid.
The Raethers are long-time and broad supporters of Tuck who have benefited nearly every aspect of the school. Their philanthropy at Tuck includes prior scholarships, faculty endowments, facilities, Tuck Annual Giving, and the innovative Next Step: Transition to Business program for military veterans and elite athletes.
“Over the last 30 years, education has been the biggest emphasis of charitable giving by my wife and me,” said Raether, a member of Kohlberg Kravis Roberts & Co. since 1986, “and that really came from both of our parents. Tuck has been a wonderful institution for us and for my daughter and son-in-law, so we are motivated to actively support it. We want Tuck to attract the best and the brightest students, and hopefully this gift will help.”