Eli and Edythe Broad of the eponymous College of Business at Michigan State University surprised and delighted students and officials alike last weekend with the announcement of a $25 million “challenge donation” to kickstart a $1.5 billion fundraising goal which the institution hopes to achieve by the end of 2018.
Eli Broad is the architect of two Fortune 500 companies – KB Home and SunAmerica – and is a long time friend of the school. His connection with the institution is obvious in the name of the Business school and confirmed by the relationship report below, provided by Prospect Visual.
Proof yet again that an organization’s largest donors tend to be those who have strong relationships with them.
If you’re interested in finding out which prospective donors are most likely to become your donors, use relationship mapping to investigate which ones have strong connections to your institution. Contact the Prospect Visual team for a free demo to find out more.
This morning, the Wall Street Journal reported that Hong Kong based businessman and investor, Gerald L Chan was to donate $350 million to his alma mater, Harvard University. The gift is record-breaking – the largest single donation the University has ever received.
Chan, a director at Hong Kong based Hang Lung Group, is 17th on Forbes’ list of Hong Kong’s 50 most wealthy individuals. He attended Harvard in the 1970s and pursued graduate work in radiological physics and radiobiology. His gift has been directed specifically towards the School of Public Health because he was inspired by one of his teacher’s there and wants to help the school to conduct cutting-edge medical research.
Alumni donations are something every school looks for, but large donations such as this often seem to occur when there are relationships to help solidify the connection between an alumnus and their alma mater. We ran a quick connections report in Prospect Visual to see if this proved to be the case with Chan and Harvard and were unsurprised to find that there were several strong board-level connections shows.
Harvard is also ensuring that their relationship with Chan will only strengthen in future by re-naming the school of public health into the Harvard T.H. Chan School of Public Health after Gerald Chan’s father.