Johns Hopkins Carey Business School will receive its largest single gift since its founding, a $50 million commitment from a variety of donors including its namesake.
The W. P. Carey Foundation is donating $25 million to the Baltimore school to recruit faculty, enhance academic programs and help support student careers. Johns Hopkins University and other donors will match the gift, bringing the total to $50 million.
Carey has a campus in D.C. near Dupont Circle and offers students the chance to study at either location. The school could eventually move to Pennsylvania Ave. NW, however, given that Hopkins is consolidating many of its spread-out offices in the District to a new facility in the former home of the Newsuem.
A portion of the gift will also be used to establish the James Carey Distinguished Professorships — endowed faculty positions designed to attract renowned researchers and academic leaders to the institution. In particular, the research positions will be focused around…Read the full story from the Washington Business Journal.