MSU Receives Largest Donation in 163 Years

September 24, 2018

Michigan State University has received a historic donation — Alumnus and real estate developer Edward J. Minskoff donated a $30 million dollar gift to the college. This significant donation will be going towards the completed of the Business Pavilion at the Eli Broad College of Business.

The donation is the largest gift received from an individual in the college’s history — which is 163 years.

When asked about the gift, Minskoff said, “Michigan State is an important university and important to my past. It gave me a strong foundation, so I am privileged to be making a contribution that will help Michigan State continue to attract and prepare future business leaders.”

Interim President John Engler will now be recommending to the MSU Board of Trustees that in honor of Minskoff, the Business Pavillion be named the Edward J. Minskoff Business Pavilion.

The college is named after Eli Broad, who made an initial donation of a $25 million challenge grant. But with the projected total cost of the Business Pavilion being $62 million, Minskoff’s gift will make it so the project will be completed with funds completely from donations.

The Business Pavilion project has received donations from more than 1,400 individuals, organizations, and corporations. And gifts will continue to be accepted through December 31, which is the end of the university’s Empower Extraordinary capital campaign. This campaign has raised more than $1.7 billion to fund various projects at the college.

The pavilion will be 100,000-square feet and will be connected to the other business college facilities. Inside, the pavilion will feature a glass-walled atrium that offers unbelievable views of the Red Cedar River, immersive learning environments for students and faculty alike, and even a career center to offer space for students, corporate partners, and recruiters. With more than 14 million people attending camp each year and millions more attending school, many colleges are trying to offer more space for programs and learning environments to better their students.

While many people put their money towards personal investments, like the 36% of vacation buyers who purchased property on a beach, Minskoff has spent much of his life developing more than 40 million square feet of residential and office space in Manhattan, along with nine other cities. And after receiving his degree in economics from MSU in 1962, the college awarded him its Philanthropist of the Year Award.

This isn’t the first donation Minskoff has made the MSU — as a member of the President’s Campaign Cabinet, his financial gifts date back to 1964. The Julie and Edward J. Minskoff Gallery and the largest laboratory on campus were both made possible by gifts from Minskoff. And Minskoff’s real estate investment continues to grow outside of the college as well. With the property management industry going 4.4% between 2012 and 2017, Minskoff continues to run Edward J. Minskoff Equities Inc., which owns and manages office and residential properties in urban areas.

The entirety of MSU is grateful of Minskoff’s donation and the university leaders hope that with this gift and more in the future, the college can continue to expand and create more educational opportunities for its students.

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