Published: December 6 2006 12:59 | Last updated: December 6 2006 12:59
Johns Hopkins University, in Baltimore, is to establish the Carey school of business, following a $50m gift from William Polk Carey through his W. P. Carey Foundation. The university will raise an additional $50m from other donors in order to build the school, which will begin operations on January 1.
The gift to Johns Hopkins marks Carey’s second $50 million gift in support of business education - his 2003 donation to Arizona State University established the W. P. Carey School of Business there.
The Carey School (at Johns Hopkins) intends to make its mark by educating managers with both business skills and cross-disciplinary knowledge from other departments in the university. The university already offers joint master’s/MBA programmes in biotechnology, public health and nursing. It also has an MBA programme in medical services management.
In addition the school will add a five-year BA-BS/MBA option for liberal arts and engineering majors from the university’s undergraduate programmes.
The university is launching a search in the US for a dean of the new Carey school.
Mr Carey is chairman of W. P. Carey, a New York City real estate investment firm.