UVA Receives $25 Million for New Bioscience Building/Business Program

UVA Receives $25 Million for New Bioscience Building/Business Program

The University of Virginia has announced a $25 million gift from the Chris and Carrie Shumway Foundation in support of a new building and bioscience/business program.

The gift, a portion of which will be matched by the university's Strategic Investment Fund, will advance efforts by UVA's McIntire School of Commerce and School of Medicine to create educational offerings that integrate business concepts into biomedical science and healthcare leadership studies. The planned facility, which will bear the Shumway Foundation name, is designed to incorporate versatile spaces that invite collaboration and innovation both within the McIntire School community and between the university, local businesses, and community partners.

"The University of Virginia is a special place where innovation and tradition work hand-in-hand, and we are proud to support its outstanding faculty and students," said Chris Shumway. "By creating space and curriculum to support innovative learning, we are preparing students to contribute in significant ways to society."

"I am incredibly grateful to Chris and Carrie Shumway for their support of the McIntire School and the university," said UVA president Jim Ryan. "As president, my message to students and faculty has been, 'When in doubt, build a bridge'. This gift is a perfect example, helping to build bridges between McIntire and the UVA School of Medicine that will help make health care more efficient."

"Shumway Foundation's $25 Million Gift Backs New McIntire Building, Program." University of Virginia Press Release 09/25/2018.