The gift will support efforts to enhance the global reach of the Carlson School, which includes a footprint in nearly three dozen countries in the form of student exchanges, faculty-led programs, internships, a global executive MBA program, and various partnerships. The gift will count toward the university's $4 billion capital campaign, to which the foundation has now contributed a total of $15 million.
The latest gift from the foundation is among the largest to the Carlson School of Management since Curt Carlson committed $25 million to the school in 1986. The Carlson family has now given more than $68 million to the university, ranking it as the largest individual donor in the university's history.
"The foundation laid by Curt Carlson over thirty years ago propelled the Carlson School to the global stage," said University of Minnesota president Eric W. Kaler. "Today's gift will advance the Carlson School's capacity for global leadership and have far-reaching benefits for students, faculty, our vibrant business community, and our partners around the world."
"The Carlson family's commitment to the university began in 1932, the year my grandfather, Curt Carlson, enrolled as a freshman. Over the years and into our fourth generation, our commitment and our belief that the success of the university and Minnesotans are directly linked has only gained strength," said Wendy Nelson, board chair of the Carlson Family Foundation and co-chair of the Carlson School campaign. "With this gift, three successive generations stand with Minnesota, the university, and the Carlson School in partnership to cement the school's position as a leading business school with a global reach and a powerful purpose — business as a force for good."