Thursday, 25 August 2016
Last updated 53 sec ago
Oct 6 2010 | 3:45am ET
Private equity billionaire Henry Kravis has donated $100 million to Columbia Business School, the largest donation in its history.
The gift from the Kohlberg Kravis Roberts co-founder will go towards building the school's new campus in upper Manhattan, about 10 blocks north of its current home on Columbia University's historic Morningside Heights campus. One of the two new buildings that will house the B-school will be named for Kravis, who earned his MBA from Columbia in 1969.
"We're not just constructing a building—we are creating a community of entrepreneurs," Kravis said. "I hope these new facilities will be a place where the entrepreneurial spirit thrives."
Work is already underway on what Columbia is calling its Manhattanville campus, which will not be completed for decades. But the Business School's two buildings, including the Kravis Building, are expected to be finished within six years, among the first built on the campus.
Kravis serves as co-chair of Columbia Business School's board of overseers.