The Wisconsin School of Business at the University of Wisconsin-Madison has announced gifts totaling $85 million from a group of alumni who have formed the "Wisconsin Naming Partnership" to support the school's mission and to preserve the school's name.
The naming gift, the first of its kind received by a U.S. business school, ensures that the institution will not be named for a single donor or entity for at least twenty years. Conventional business school naming gifts adopt the name of a single donor in perpetuity; it leaves open the option of future naming gifts. According to business school dean Michael Knetter, the gift will also help guarantee faculty excellence, keep the school's undergraduate program strong, enhance the resources available to the school's specialized Wisconsin MBA programs, and bolster the school's executive education programs.
Each donor committed a minimum of $5 million to join the partnership. The thirteen gifts were made by: Paul and Carol Collins; Wade and Beverly Fetzer; Pete and Pat Frechette; Jon and Ann Hammes; Ted and Mary Kellner; Paul and Julie Leff; Sheldon B. and Marianne Lubar; John and Tashia Morgridge; Albert O. "Ab" and Nancy Nicholas; John and Anne Oros; H. Signe Ostby and Scott Cook; and two donors who wished to remain anonymous.
"One of our trademarks is that our students connect with and learn from real-world leaders," said Knetter. "The commitment made by the partners is a reflection of their enduring engagement with the school that helped them launch their own successful careers."