Cornell University has received a $50 million gift from a trust established by David Einhorn for its new Engaged Cornell initiative. The initiative is aimed at getting Cornell students to “become active citizens and to tackle critical challenges by participating in hands-on, practical learning experiences in communities at home and around the world,” the university explained in a statement.
Einhorn, an American hedge fund manager, who grew up in Wisconsin and graduated from Cornell University, is now the Chairman of Greenlight Capital. By getting Einhorn on board, Cornell hopes to attract other donors and raise another $150 million for the new initiative.
The report below, generated by Prospect Visual, gives us a glimpse into some of the relationships that exist between Einhorn and Cornell and gives us some insight into the reasons why the billionaire chose Cornell to be the beneficiary of his gift.
Last week it was announced that the University of Tennessee trustees were to vote on renaming the business school to James A. Haslam II College of Business after a $50 million gift from the aforementioned Jim Haslam.
The Relationships between UT & the Haslam Family
Haslam and his family have donated to UT in the past – in fact, UT’s business school campus was overhauled with the aid of a prior gift from the Haslam family and already bears their name as does the school’s new music building and practice fields. This clearly shows that the school enjoys a good relationship with the Haslams.
Further evidence of connections between UT and Jim Haslam in particular can be found in this relationship report from Prospect Visual – it shows that he has several Board-level connections with constituents at UT. And if you’re a regular reader you know that strong relationships with donors can often result in substantial gifts.
UT believes that Relationships Matter
UT understands the importance of maintaining strong links with one of Tennessee’s most prominent families. Renaming various schools, campuses and buildings is their way of publicly declaring their appreciation and gratitude.
Is your institution doing all it can to reinforce the relationships with your biggest donors?
Trying to maximizing opportunities by networking? Make sure you’re not caught out by these three common mistakes.
Mistake #1: Being “too embarrassed” to ask for help.
If you need help from anyone, make sure you ask! The concept of networking relies on the exchange of favors. At some point in the future you’ll be the one in a position to help.
Mistake #2: Not keeping in touch.
Truly valuable networks are not built overnight – which means that as time passes it’s important that you take the time to ensure you maintain the relationships with your contacts. If you don’t all your initial work will have been in vain.
Mistake #3: Not thanking people.
As we mentioned in point 1, the concept of successful networking relies on asking for and returning favors. Thanking people in an appropriate way is an important part of this equation. If you’re gracious when someone helps you out, it will strengthen the link between you.
As you go about building your network, give yourself a head-start by making sure to avoid these mistakes!