Monday, April 23, 2012

Columbia Business School gets $25 Million for Manhattanville Campus

Leon Cooperman ’67, chairman and CEO of Omega Advisors and a member of Columbia Business School’s Board of Overseers, has pledged a gift of $25 million to support the construction of the School’s new home in Manhattanville.

The gift is the second largest donation in support of the cutting-edge facilities, which will be part of Columbia University’s expansion just north of its Morningside Heights Campus, the university said.

Henry R. Kravis ’69, cofounder, cochairman, and co-CEO of Kohlberg Kravis Roberts & Co. (KKR) and cochair of the School’s Board of Overseers, pledged $100 million for the project in October 2010.
 
In 2007, Cooperman established the Cooperman Scholarship Challenge, which helped to create more than 40 need-based scholarships. He also created the Leon Cooperman Scholarship in 2000 to support students who need financial assistance, with preference given to graduates of New York City public schools; the scholarship currently supports seven MBA students. In 1995, he endowed the Leon Cooperman Professorship of Finance and Economics, a chair held by Professor Geert Bekaert since 2000.
 
The School’s Manhattanville Campus — designed by New York architecture firm Diller Scofidio + Renfro — will reflect the fast-paced, high-tech, and highly social character of business in the 21st century, according to Columbia Business School. The new buildings will encompass approximately 450,000 square feet, resulting in a net additional 170,000 square feet. The facilities will create multi-functional spaces that foster a sense of community — spaces where students, faculty members, alumni, and practitioners can gather to exchange ideas.

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