Yale University’s School of Management received $50 million pledge for a new campus from school alumnus Edward P. (Ned) Evans, from the college class of ‘64 to help finish the construction for the SOM campus. The school will be recognizing the donor, Ned Evans by naming the newly constructed building Edward P. Evans Hall.
Evans, the donor for the university’s new campus is Macmillan Inc’s former Chairman and CEO.
The 4.25 acre new campus for the School of Management will have a new building that will feature high end classrooms, faculty offices, student meeting spaces, and academic centers. The new building will be constructed with a “green” building technology.
According to Yale’s president Richard C. Levin in a statement in the school’s website, the new campus will be as advanced as its pioneering curriculum, as well as ensuring the construction completion without putting pressure on the school’s budget.
Levin also said that the school is grateful for Evan’s generosity and is proud to be naming the new building in his name.
The $50 million donation form Evans is the largest pledge this year for the business school’s history.
Sharon Oster, dean of SOM said in a statement that it has been the school’s goal to secure major pledge to name the new campus. The School of Management is founded on 1974 and the youngest among Ivy League’s six business schools.
The construction for the new campus will begin this year with a projected cost of $189 million, and is expected to be completed in 2013, according to Yale’s spokesperson, Tabitha Wilde.