Henry R. Kravis ’69BUS and Ronald O. Perelman have each given Columbia Business School $100 million — the largest gifts in the school’s history — for the construction of two buildings on Columbia’s new campus in Manhattanville. Together, they will elevate the school’s role as a source of global business and economic policy innovation and enable it to cultivate new generations of leaders who go on to careers in business, government, academia, and the nonprofit sector.
Designed by Diller Scofidio + Renfro in collaboration with FXFOWLE and featuring state-of-the-art technology, the new facilities — named the Henry R. Kravis Building and the Ronald O. Perelman Center for Business Innovation — will reflect the fast-paced, high-tech, and highly social character of business in the 21st century. The facilities will encompass more than 450,000 square feet and offer multifunctional spaces that foster a sense of community — spaces where students, faculty members, alumni, and practitioners can gather to exchange ideas and engage the local community.
Henry R. Kravis ’69BUS, co-founder, co-chairman, and co-CEO of Kohlberg Kravis Roberts & Co., is also the co-chair of the Business School’s Board of Overseers. “I credit Columbia Business School with giving me the business foundation and education that allowed me to succeed,” he said.
Over the years, Kravis has provided generous financial support for many school initiatives, including Columbia CaseWorks, the Meyer Feldberg Distinguished Fellowship Program, and endowed professorships. The private equity industry pioneer is equally generous with his time, often participating in school conferences and events. “I am inspired by the talent of the school’s faculty members and alumni, as well as students’ potential to effect positive change in the world,” Kravis said.
“Columbia Business School has its finger on the pulse of the changing nature of business education,” said Ronald O. Perelman, chairman and CEO of MacAndrews & Forbes Holdings Inc. and a member of the school’s Board of Overseers. “The school’s commitment to developing transformative business thinkers is unparalleled, and I am pleased to pledge this gift to help them prepare the next generation of global business leaders.”
Perelman has been a longtime member of the Columbia Business School community, serving on the Board of Overseers since 1994. He has previously provided generous financial support to school initiatives, including the Richard Paul Richman Center for Business, Law, and Public Policy and Columbia Business School’s annual dinner.
Published: March 2014