Univ. of Chicago Biz School Banks $300M
Low-profile fund manager Booth makes historic donation
By Peter Fearon,  Newser Staff
Posted Nov 7, 2008 5:46 AM CST
The University of Chicago.   (The University of Chicago)
camera-icon View 2 more images

(Newser) – An alumnus of the University of Chicago who made a fortune from principles he learned at its graduate business school has donated a no-strings-attached $300 million to the school, reports the Chicago Tribune. The donation, by Dimensional Fund Advisors founder David G. Booth, is the largest ever to a business school anywhere in the world. The school will be renamed in Booth’s honor.

"He doesn't want to limit us, classify us or direct us," said the dean who will administer the fund. "He wants us to keep doing what we're doing.” The top priority, the dean said, will be recruitment. “There may be a lot of great schools not hiring next year. This is a really good time to push on faculty.”