December 20, 2010 4:28 pm

Yale gets $50m donation for Norman Foster building

Yale School of Management has been given $50m by university alumnus Ned Evans to name the business school’s new home. The building will be named the Edward P. Evans Hall, in recognition of the largest pledge in the history of Yale SOM.

Mr Evans, who graduated from Yale College in 1964, is now a private investor but made his name as chairman and chief executive of publishing house Macmillan between 1979 and 1989. He also breeds thoroughbred horses on his Virginia farm.

In November the school announced that US investor Wilbur Ross had given a $10m donation to the SOM as part of the school’s fund-raising campaign for the building, and that he would have the library named after him.

The SOM’s proposed 4.25 acre campus, now under construction, has been designed by Foster + Partners, the architectural firm chaired by Lord Norman Foster. The new building is designed to be a landmark at the northern gateway to the Yale campus, and will incorporate the latest in green construction materials and practices.

Sharon Oster, dean of Yale SOM, said, the donation would help the school to extend its influence in the world of scholarship. “Over the years, we have found many Yale College alumni for whom our mission of educating leaders for business and society has had great resonance.“

www.mba.yale.edu

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