Saint Louis University in St. Louis, Missouri, has announced a $15 million gift from alumnus and trustee Richard A. Chaifetz and his wife, Jill, to its business school.
The gift will support the school's business education mission and help advance its reputation as among the best business schools in the country. In 2007, a $12 million gift from the couple supported the construction of SLU's Chaifetz Arena. In recognition of the couple's latest gift, SLU will name the business school the Richard A. Chaifetz School of Business and will name its entrepreneurship center the Chaifetz Center for Entrepreneurship.
In early 2017, John Cook, for whom the school had been named since 2000, agreed to make the naming of the business school available to other potential donors to encourage a large gift to the school.
Richard Chaifetz is the chair and CEO of ComPsych Corporation, which he founded in 1984 and today is the world's largest provider of employee assistance programs and behavioral health and wellness services. He also is founder and chair of the investment firm Chaifetz Group, has been a member of SLU's board of trustees since 2007, and was an inaugural member of the business school's Entrepreneurial Hall of Fame.
"This leadership gift from Richard and Jill Chaifetz shows their continued, phenomenal support for the university and the growth and prominence of our nationally-ranked business programs," said SLU president Fred P. Pestello. "We are proud of all that Richard has accomplished, and we are thankful for his ongoing engagement as a trustee and benefactor. Richard and Jill have enhanced our University in so many ways, especially through their philanthropic support."