Penn Receives $125 Million for Law School

Penn Receives $125 Million for Law School

The University of Pennsylvania has announced a gift of $125 million from the W.P. Carey Foundation in support of its law school.

In recognition of the largest gift ever to a law school and in honor of the Carey family, which has long been involved with the university, the school will be renamed the University of Pennsylvania Carey Law School.

The gift will enable the school to attract the most talented students, increase financial assistance for students from historically underrepresented populations, expand its pro bono programs, and recruit leading law scholars. The gift also will support law school students' preparation for long-term career success through increased investment in innovative interdisciplinary and entrepreneurial programming while enabling the school to provide its alumni with career support beyond their first job, drawing insights from the newly launched Future of the Profession Initiative.

"The Carey Foundation's historic gift will further elevate an outstanding multidisciplinary program of legal education at the University of Pennsylvania," said Penn president Amy Gutmann. "The Carey family and the foundation have deep roots at Penn as dedicated alumni and generous supporters of the university's educational mission and its students. Through this partnership, their philanthropy will benefit generations of law students, the profession, and the rule of law. We are grateful for and inspired by their leadership and their commitment to the university."

"W.P. Carey Foundation Makes Historic $125 Million Gift to Name Penn's Law School." University of Pennsylvania Press Release 11/08/2019.