DePauw University on Thursday said it committing $40 million in donations from graduates toward the creation of a new School of Business and Leadership.
The new business school is included in a five-year strategic plan the Greencastle-based university unveiled this week called “Bold & Gold 2027.”
Longtime donors Sharon W. Ubben and her late husband, Timothy H. Ubben, both 1958 graduates of DePauw, committed $20 million in support of establishing the new school.
DePauw also said it was applying a $20 million donation from 1968 graduates Steve and Karen Sanger, announced in 2018, to establish the Sanger Leadership Initiative “as a cornerstone of the new school, providing curricular and co-curricular opportunities being developed for all DePauw students.”
The gift also will endow the new Sanger Professor of Leadership and Sanger scholarships for students.
The Bold & Gold plan, developed by a 14-member steering committee, features four pillars: academic renewal, exemplary student experience, institutional equity and flourishing university.
The university said the committee built the plan after collecting insight, recommendations and feedback from faculty, students, staff and alumni.
“We must equip our students for success and leadership in a society marked by rapid transformation, robust diversity and an explosion of new industries and careers,” DePauw President Dr. Lori White said in written remarks. “This plan imagines a future for DePauw that remains grounded in our historic strengths in the liberal arts and sciences while extending them to new areas.”