Advertisement

HBS Gets $25 Million Gift

Donation is larges ever to doctoral education in business

HBS spends only a portion of the interest on its endowment funds each year—preserving the remainder to insulate the school against potential future economic downturns, said David Lampe, the school’s communications director.

Consequently the doctoral program will be able to spend only a fraction of Wyss’ gift in the coming year.

The school runs an annual operating budget of approximately $300 million, Lampe said.

—Staff writer Daniel J. Hemel can be reached at hemel@fas.harvard.edu

Advertisement

Advertisement