University of Hawai'i Receives $69 Million for Business School

University of Hawai'i Receives $69 Million for Business School

The University of Hawai'i has announced a $69 million gift from alumnus Jay Shidler in support of the Shidler College of Business.

The largest gift in the university's history will build on what it has already achieved with gifts from Shidler, an investor and philanthropist who graduated from the school in 1968. In addition to cash and marketable securities, the gift includes ownership interests and lease fees from properties located in the central business districts of cities across the continental United States.

"Because the transformations that I have seen here at the Shidler College of Business have exceeded all of my expectations, I really am inspired by this remarkable event that I want to guarantee that it continues in the future," said Shidler, the founder of a commercial real estate company in Honolulu with holdings nationwide and a former UH Foundation board member.

The College of Business was renamed in Shidler's honor in 2006 after he gave it $25 million. He later quietly donated another $6 million, and since then the college has used the funds to aggressively pursue top-tier faculty, awarded millions of dollars in scholarships, completed much-needed renovations to classrooms and facilities, and funded the expansion of the Pacific Asian Center for Entrepreneurship, which serves the entire UH system.

"This is a long-term investment in the future of the college," said UH president David Lassner. "It will provide a stable, secure, and predictable source of funding over many, many years. And that’s almost unheard of."

"Historic $100 Million Gift Presented to Shidler College of Business." University of Hawai'i Press Release 10/17/2014.