IBJNews

Alumnus Simon pledges $5 million to Columbia biz school

Back to TopCommentsE-mailPrintBookmark and Share

David Simon, CEO of Indianapolis-based Simon Property Group Inc., has pledged a $5 million gift to alma mater Columbia Business School in New York City.

Simon’s donation will be used to support the construction of the school’s new facilities in Manhattanville, just north of Columbia University’s Morningside Heights campus, according to the school. The buildings will encompass more than 450,000 square feet.

“Columbia Business School played an integral role in helping me become an effective chief executive officer,” Simon said in a prepared release. “The new facilities in Manhattanville offer exciting opportunities for Columbia to continue to shape the next generation of business leaders.”

Simon graduated in 1985. He currently is a member of the school’s Board of Overseers, as well as its Campaign Executive Committee.

Simon joined the family retail-development firm in the early 1990s after a stint on Wall Street. Since its December 1993 IPO, Simon Property Group has racked up a total return of 1,917 percent, compared with 435 percent for the S&P 500 during the same span, according to data provided by Kirr Marbach & Co.

Simon Property Group is now the largest real estate company in the world and has a stock market value of $59 billion, making it the largest public company in Indiana.

David Simon collected compensation of $17.2 million in 2012, according to federal securities filings.

The gift is another in a spate of gifts from the children of the late mall magnate Melvin Simon. Deborah Simon is giving $100 million to a Pennsylvania prep school, and Cynthia Simon Skjodt pledged $1.5 million to the IU School of Philanthropy.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

ADVERTISEMENT