The Krannert School of Management at Purdue University has received a nearly $21 million gift from the Dean and Barbara White Family Foundation, the largest gift in the school’s history.
In recognition of the gift, the university on Monday announced the launch of the Dean V. White Real Estate Finance Program, an academic minor that will begin this fall.
The program is designed to equip students to “plan, develop and manage successful commercial real estate projects” and connect them with real estate experts.
Four new faculty positions will be created with the funding and the university says a portion of the gift will be used to create or renovate space for the program at the Krannert Center for Executive Education and Research.
“We are seeing fascinating changes in real estate markets to how and where people live, work and recreate. These changes represent a fundamental challenge and opportunity for business,” said David Hummels, the Dr. Samuel R. Allen dean of the Krannert School of Management. “We have brought together an outstanding group of faculty with deep subject matter expertise and significant experience leading and teaching in some of the world’s best real estate programs. Graduates from this program will be ready to take a leadership role in confronting these challenges and seizing these opportunities.”
Purdue said the program will be available to management students and students in other disciplines throughout the university.