Dr. Lawrence Nannery ’70GSAS, a scholar and retired professor of philosophy, has set up a gift annuity to benefit the Columbia University Libraries. During his lifetime, Dr. Nannery will receive income from the annuity. After that, remaining assets will establish the endowed Lawrence Nannery Fund to support collections and programs in the Libraries benefitting the humanities.
The Graduate School of Architecture, Planning and Preservation has received a $250,000 gift from Audi of America to support a year-long project entitled “Experiments in Motion.” Through a faculty think tank, a series of public events, and three sponsored design studios, students and faculty will develop new paradigms in the relationship between mobility and design.
Columbia Business School has received three commitments totaling $2 million to support the construction of the School’s new facilities, which will be located on the University’s Manhattanville Campus. These include pledges of $1 million from the Penates Foundation and Dr. Paul Montrone ’66BUS; $500,000 from Kikkoman Corporation and Kikkoman chairman Yuzaburo Mogi ’61BUS; and $500,000 from a donor who wishes to remain anonymous. Dr. Montrone and Mr. Mogi are longtime members of the Business School’s Board of Overseers and are actively involved with the organization.
A Business School alumnus who attended the School’s Annual Dinner gala at the Waldorf-Astoria in May 2011 was so moved by the proceedings that he volunteered to match all contributions made toward the event, resulting in a gift of $3.1 million and overall fundraising of $6.2 million—a new record. His extraordinary generosity, like all contributions in support of the event, will help fund student financial aid, faculty research, and curriculum development at the Business School.
In a strong investment year, Columbia reported that it earned 23.6 percent in returns on its endowment in FY11 — tops in the the Ivy League. (In comparison, Yale and Princeton each reported returns of 21.9 percent for FY11, while Harvard earned 21.4 percent.) Columbia’s endowment now stands at $7.8 billion, a net increase of $1.3 billion over last year that also reflects annual distributions and gifts.
A gift from Emmanuel Roman and Barrie Sardoff Roman has enabled the appointment of Pulitzer Prize-winning novelist Richard Ford, who will join the School of the Arts faculty in Fall 2012 as the soon-to-be-established Roman Professor of the Humanities and Professor of Writing at Columbia University. Ford will teach in the School's MFA Writing Program.
The Roman chair is the fifth and final faculty position to receive additional endowment support through an earlier gift from the Mellon Foundation.
Patrick McGarrigle ’86CC and Yvette McGarrigle have made a $150,000 gift to endow the Patrick and Yvette McGarrigle Scholarship at Columbia College.
Ronnie Planalp ’86BUS, who sits on the advisory board of the Social Enterprise Program at Columbia Business School, and Stephen Trevor ’86CC, a member of the Columbia College Board of Visitors, have donated $250,000 in support of financial aid and other programs. Most significantly, $150,000 of the gift will benefit the Columbia College Fund (creating the Planalp/Trevor Family Scholarship Fund, thanks to a match from the Scholarships 101 Challenge).
The Columbia Center for Oral History, a unit of the Columbia University Libraries, has received a two-year, $627,000 grant from the Atlantic Philanthropies to support expansion of its core staffing and project capacity. This funding builds upon a previous grant from the same organization that enabled the Center (formerly known as the Oral History Research Office) to undertake new and innovative projects in the areas of human rights and constitutional freedoms. New work will proceed in the areas of public health, philanthropies, and the arts.
Columbia University's Rare Book & Manuscript Library has acquired a comprehensive collection of manuscripts, personal correspondence, and documents from the estate of American psychologist Albert Ellis (1913–2007), founder of the precursor to cognitive behavioral therapy, Rational Emotive Behavior Therapy. More.