Johns Hopkins’ Carey Business School Receives $50M Gift From Namesake Foundation

The original story was published by Inside Higher Education on May 8. To access the original, click here.

The Johns Hopkins Carey Business School has received a $50 million gift from the W. P. Carey Foundation to provide start-up funding for full-time MBA students pursuing entrepreneurship, as well as support faculty professorships and foster their connection with industry partners. It also aims to help the school increase its visibility as a leader in the business of health, one of the fastest-growing segments of the economy, the announcement said.

“By strengthening programs in entrepreneurship and the business of health, this investment is creating pathways for innovation, job creation and long-term prosperity—right here in Baltimore,” said Maryland governor Wes Moore. “It is a powerful example of how investment in education can strengthen communities, expand opportunity and build a more resilient economic future.”

The Carey family has long-standing ties to both Baltimore and Johns Hopkins. The latest gift increases the foundation’s total contributions to the business school to $125 million.

“Our goal at the W. P. Carey Foundation is to prepare generations of professionals with a calling for leadership in business and civic life,” said William P. Carey II, the foundation’s chair and grandnephew of its founder. “It’s inspiring to see how many of the Johns Hopkins Carey Business School’s students and graduates want to use their energy and intellect as a force for good—not only in business, but in their communities. Baltimore has long been central to that mission, and we are proud to support educational pathways that foster opportunity, growth and lasting socioeconomic impact in the city and beyond.”

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