B-School News

Carnegie Mellon Gets $67 Million Gift to Build the David A. Tepper Quadrangle


 Carnegie Mellon Gets $67 Million Gift to Build the David A. Tepper Quadrangle

Courtesy Carnegie Mellon

Investor David A. Tepper already has the Tepper School of Business at his alma mater, Carnegie Mellon University, named for him. Now he’s donating $67 million—the largest gift from a CMU graduate–to help build a 295,000 square-foot new home for the business school and to create the David A. Tepper Quadrangle.

The Tepper Quadrangle, to be built on 4.5 acres, will be constructed in a way the school hopes will help connect the faculty and curriculum from the business school with other schools at the university. It will house new programs and initiatives, wrote Tepper spokesman Mark Burd in an e-mail.

A new home for Tepper also means a fresh focus on online education. “The building will incorporate technologies that will make both teaching and taking remote classes possible,” wrote Burd. Students in the full- and part-time MBA programs will probably be able to take some classes online.

Withs no timetable for the completion of the building or quadrangle, the Tepper Foundation and the university are requesting proposals from architects. The latest Tepper donation is part of a $201 million investment the university will make in building the quadrangle.

In the past nine years, Tepper, who serves on the university’s board of trustees and the  business school’s board of advisers, has donated more than $125 million to Carnegie Mellon. His 2004 gift of $55 million resulted in the Graduate School of Industrial Administration being renamed the Tepper School of Business.

Francesca_dimeglio
Di Meglio is a reporter for Businessweek.com in Fort Lee, N.J.

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