Catholic University Receives Gifts Totaling $47 Million

Catholic University Receives Gifts Totaling $47 Million

Catholic University of America in Washington, D.C., has announced gifts totaling $47 million in support of programs at its School of Business and Economics and other academic units.

The gifts include $15 million from the Busch Family Foundation — the largest gift ever made to the university — for the renovation of Maloney Hall, the future home of the School of Business and Economics. In recognition of the gift, the school will be renamed the Tim and Steph Busch School of Business and Economics. Tim Busch, founder and CEO of Pacific Hospitality Group and the Busch Firm, is also co-founder and chair of the Napa Institute, which has co-sponsored two conferences with the School of Business and Economics. He also serves as chair of the school’s board of visitors and will conclude his twelve-year tenure on the university's board of trustees later this year.

"As the university's largest benefactors to date, Tim and Steph Busch have demonstrated unparalleled support for the unique approach of our business school," said CUA president John Garvey. "Beyond this, they have attracted other major supporters whose gifts have nourished the school’s success. We are immensely grateful for their partnership and all that they have done to advance the university."

Additional gifts include $10 million from the Arthur and Carlyse Ciocca Charitable Foundation to support the establishment of the Arthur and Carlyse Ciocca Center for Principled Entrepreneurship; $10 million from the Charles Koch Foundation; $5 million from alumnus Joe Della Ratta ('53), founder and owner of Della Ratta, Inc.; $5 million from an anonymous donor; and $2 million from the Blanford Charitable Gift Fund.

"Catholic University Receives $47 Million for Business School, Academic Programs." Catholic University of America Press Release 04/19/2016.