An anonymous donor has pledged a €60 million ($66.2 million) commitment to INSEAD, the largest gift from an individual donor in the school’s history. The gift will fund the school’s endowment, finance research, and other long-term strategic investments.
The commitment was announced by Dean Ilian Mihov in a May 27 email to the INSEAD community. “This commitment is the culmination of a longstanding relationship with the donor, who has formed a strong allegiance to the school over several decades. I am deeply grateful to the donor for this outstanding act of generosity.”
Two-thirds of the gift, €40 million, will go directly to INSEAD’s endowment, while the remaining €20 million to “strategic investments that safeguard the school’s independence.”
IN THE MIDDLE OF A CAPITAL CAMPAIGN
INSEAD is in the middle of a capital campaign that before this gift has raised a record €185 million toward a €250 million goal by
The new gift tops the largest single gift in INSEAD’s history, €40 million from Class of 1990 alumnus André Hoffmann and his wife Rosalie to fund a Global Institute for Business and Society.
Prior to the anonymous gift, Mihov built the school’s endowment to €270 million from €160 million. By the end of the capital campaign, he hopes the endowment reaches an unprecedented €320 million.
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