Columbia Business School announced yesterday that alumnus Henry Kravis has increased his gift to the school to $125 million, up from $100 million, in celebration of Columbia Business School’s Centennial anniversary.
The major donation further funds the new Manhattanville Campus, located between West 125th and West 133rd Streets. Together with its counterpart, the Ronald O. Perelman Center for Business Innovation, the complex will boast 468,000 square feet of space, more than doubling the school’s current size.
“Manhattanville will be transformative for the Business School,” Kravis says. “Today, the way business is done is very much collaborative. Ideas come from everywhere. The Business School is being designed to take advantage of [this], as well as have the flexibility to adapt to whatever changes are going to be necessary to teach business courses in the future.”
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“It’s a privilege to help the School imagine its next chapter,” Kravis adds. “Top-quality facilities are now a minimum requirement to attract the best professors and the brightest students. The new buildings will position the Business School to continue its tradition of excellence and also explore uncharted opportunities.”