Lehman Brothers, the investment bank, has committed $10m to help Spelman College in Atlanta, Georgia, update its curriculum, create a scholarship programme and recruit faculty.
Spelman, one of the US’s historically black colleges for women, will work with Lehmans to set up the Lehman Brothers Center for Global Finance and Economic Development. In particular, the two organisations will work together to prepare women students to work in the financial sector. (Lehmans also endowed the Lehman Brothers Centre for Women in Business at London Business School.)
“Like Lehman Brothers, Spelman College recognises that we can and should do more as an institution to prepare women to enter the financial sector and participate actively in the global marketplace as corporate leaders and entrepreneurs,” says Beverly Daniel Tatum, president of Spelman. “The interdisciplinary curriculum and programmes of the centre will be rooted in our core strength as an excellent liberal arts college.” Spelman specialises in undergraduate, liberal arts education.