Yuri Milner establishes scholarship for Israeli students at Wharton

Yuri Milner establishes scholarship for Israeli students at Wharton

The University of Pennsylvania and the Wharton School of Business have announced a $10 million gift from Wharton alumnus Yuri Milner and his wife, Julia, to create a Friends of Israel MBA Fund.

Over the next decade, the fund will provide fellowships covering tuition for the two-year Wharton MBA program to more than sixty students from Israel — including those who have completed their military service, attended an Israeli undergraduate institution, or worked at an Israeli company.

"As a former international student myself, I know the transformative impact that an education in America and at Wharton can have," said  Milner. "Israel, too, has been an important home for me and my family, and our bond with the country remains strong. My hope is that this scholarship will support talented individuals to look beyond the horizon and pursue their vision of what the world can be, and that the state of Israel will benefit from the expertise in business and entrepreneurship that Wharton program graduates will bring back home."

"Yuri's philanthropy has been as visionary as his distinguished business career. He is one of the founders of the acclaimed Breakthrough Prize, which recognizes pioneering achievements in the sciences," said Penn president Amy Gutmann. "Now, with his exceptional gift creating the Friends of Israel MBA Fund, the foundation through Yuri and Julia has created another forward-looking philanthropic initiative. We are profoundly grateful to Yuri and to the foundation for supporting the graduate students who will become tomorrow’s global business leaders."