NYU Stern School of Business Receives $5 Million Gift From Alumna

NYU Stern School of Business Receives $5 Million Gift From Alumna

The Stern School of Business at New York University has announced a $5 million gift from alumna Elizabeth Elting (MBA '92) in support of efforts to nurture the next generation of women entrepreneurs.

The largest gift from a woman entrepreneur in the school's history will support, over ten years, Elizabeth Elting Women's Leadership Fellowships for a total of forty female MBA students who demonstrate academic merit and, in association with the school's Endless Frontier Labs program, provide seed capital to twenty women-led businesses through the Elizabeth Elting Venture Fund. In recognition of the gift, a large-scale convening space for classes, lectures, and guest speakers in the graduate building will be named the Elizabeth Elting Lecture Hall. Effective October 1, Elting also will serve on the board of the Stern School of Business.

Elting co-founded TransPerfect, today the world's largest provider of language and business solutions, in 1992 and served as co-CEO of the company until she was bought out by her co-founder in 2018. In 2016, she established the Elizabeth Elting Foundation, which supports public health and education, efforts to advance workplace equity, and strategies designed to remove systemic barriers to economic independence and mobility.

"Starting my own business is the best and most rewarding decision I ever made for my life," said Elting. "It gave me the resources I needed to provide for my family and influence the world for the better. That's why I'm so excited to provide this gift to NYU Stern. This money will not only make Stern accessible to a greater number of ambitious young women eager to create their own futures, but will also help the best and brightest launch new enterprises and carry out visions that could transform the world. As an NYU Stern alumna that has received so much from this school, I wanted to give back and do my part in lifting up the next generation of forward-thinking women leaders."

(Photo credit: New York University)