Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation" to her alma mater to fund a program for women in finance.
The donation, the value of which was not revealed, was made through the Jane and Daniel Och Family Foundation and will be used to create the Och Initiative for Women in Finance in the Stephen M. Ross School of Business.
The goal of the initiative, which will launch this fall, is "to increase awareness among undergraduate students about careers for women in finance and increase access to those career paths through mentorships, coursework, action-based learning projects, professional development workshops and co-curricular programming."
"We are very pleased to be supporting such an important initiative and are proud to be affiliated with the Ross School and the University of Michigan," said Jane Och, who received her undergraduate business degree and a master's degree in accounting from the Ross School.
The donation will count towards U-M's current Victors for Michigan campaign which aims to raise $4 billion for the school.