The University of Michigan has announced a $6 million commitment from alumni Stephen M. Ross (BBA '62) and Jeff T. Blau (BBA '90) in support of diversity, equity, and inclusion initiatives at the Ross School of Business.
With a focus on students from underrepresented backgrounds, the Blau Initiative for Diversity in Real Estate and Infrastructure will work to spark the interest of future U-M students in business and investing before they matriculate, underwrite efforts to make U-M and the Ross School more affordable, and provide learning experiences and internships in real estate and investing through the Blau Career Development Series, including company visits, mentorship opportunities, and professional development workshops. The gift also will support a Related Scholars Fund that provides scholarships to students from diverse backgrounds who are underrepresented in business leadership.
Ross owns the NFL's Miami Dolphins franchise and is chair and founder of Related Companies, for which Blau serves as CEO.
"This summer I announced a Commitment to Action related to diversity, equity, and inclusion at Michigan Ross, and one of our commitments is to expand support for students from diverse backgrounds at the school," said Scott DeRue, the Edward J. Frey Dean at Michigan Ross. "This new gift from Stephen Ross and Jeff Blau will help Michigan Ross create opportunities for students who are underrepresented in business leadership. I look forward to seeing the positive impact on diversity at Ross and in the business community for many years to come."