Wake Forest Business School Lands $10M Gift

Posted by: Louis Lavelle on October 8, 2010

Wake Forest University today announced that it has received a $10 million pledge to help finance construction of a new building for the Schools of Business (Wake Forest Full-Time MBA Profile).

The gift came from Mike and Mary Farrell of Summit, N.J., parents of 2010 Wake Forest graduate Michael Edward Farrell, and is the largest ever cash commitment to the business schools. Mike Farrell is the chairman, president, and CEO of Annaly Capital Management, the largest residential mortgage real estate investment trust listed on the New York Stock Exchange.

The new building, which is expected to be completed in the summer of 2013, will be the new home for the schools of business, which is the product of the 2008 merger of the Calloway School of Business and Accountancy and the Babcock Graduate School of Management.

It will be named Farrell Hall, and according to the school, will use state-of-the-art technology and design. It will include flexible classrooms and collaborative space to foster faculty-student engagement.

And so, the B-school building boom continues. Columbia (Columbia Full-Time MBA Profile), Yale (Yale Full-Time MBA Profile), MIT (MIT Full-Time MBA Profile), Stanford (Stanford Full-Time MBA Profile), and Northwestern (Northwestern Full-Time MBA Profile) are all playing a part. Who’s next?

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