University of Maryland Business School Receives $6 Million

The University of Maryland has announced gifts totaling $6 million from the Snider and Charles Koch foundations to create a multidisciplinary research center at its business school.

The gifts in support of the Robert H. Smith School of Business include $5 million from the Snider Foundation, which was established in 1977 by UMD alumnus Ed Snider ('55), chairman of Comcast-Spectacor and owner of the National Hockey League's Philadelphia Flyers, and $1 million from the Koch Foundation. Rajshree Agarwal, the Rudolph P. Lamone chair in strategy and entrepreneurship, will serve as the first director of the Ed Snider Center for Enterprise and Markets. In addition to funding existing faculty and student engagement, the gifts will enable the school to hire three tenured or tenure-track professors and support five Ph.D. students and four postdoctoral fellows.

"The Snider Center will not only study business as transactions among people within firms and markets, but also explore the history and philosophy of enterprise, markets and institutions," said Smith School dean Alexander Triantis. "We're excited to pursue this interdisciplinary effort in collaboration with the College of Arts and Humanities and other schools at the university."

"$5 Million Gift Anchors New Snider Center." University of Maryland Press Release 10/27/2014.