Columbia Business School Receives $10 Million for Global Institute

Columbia Business School has announced a $10 million gift from alumnus Jerome A. Chazen to bolster programs and support new initiatives at the institute that already bears his name.

The gift will support existing activities at the Chazen Institute of International Business and enable it to launch new initiatives, including the Chazen Research Fellows program for visiting faculty members. In addition to conducting research, developing courses, and contributing expertise to on-campus discussions of globalization, fellows will work to forge relationships with other university departments. In recognition of the gift, the institute will be renamed the Jerome A. Chazen Institute for Global Business.

Chazen ('50) is co-founder and chairman emeritus of fashion house Liz Claiborne, Inc. In 1990, he made what was then the largest gift in the history of Columbia Business School to establish the Chazen Institute, which for more than two decades has served as a central hub for the school’s international programs and activities.

"The institute’s new name reflects the school’s and the university’s vision for a more interconnected and interdisciplinary approach to global education and research — one that transcends not only geographical borders to build mutually beneficial relationships, but also disciplinary structures to advance learning and knowledge," said Columbia Business School dean Glenn Hubbard. "This new gift from Jerry will make it more possible for the institute to achieve these high-level goals."