Article
May 23, 2016

Gifts Roundup: $25-Million Donations Back Cornell Business School and Dartmouth Engineering

Cornell University

David Breazzano (right) gave $25 million to expand the Samuel Curtis Johnson Graduate School of Management at Cornell. Most will go toward a new building, but $4 million will be used to hire new professors.

A roundup of notable gifts compiled by The Chronicle:

Cornell University

David Breazzano, founder of DDJ Capital Management, gave $25 million to expand the Samuel Curtis Johnson Graduate School of Management.

Most of the money will go toward construction of a new building. Four million dollars of the donation will establish the Breazzano Family Faculty Excellence Fund, which will be used to hire new professors.

The donor earned an MBA from the Cornell business school in 1980, and his three sons are alumni as well.

Dartmouth College

Barry MacLean donated $25 million to the Thayer School of Engineering. He is directing $15 million of the gift to pay for a new building; the remaining $10 million will be used to create endowed professorships.

Mr. MacLean is chairman and chief executive of MacLean-Fogg, an Illinois-based manufacturing company. He graduated from Dartmouth in 1960 and earned an advanced degree at the engineering school the following year. Three of his children are also Dartmouth alumni.

University of Notre Dame

Two couples gave big gifts to build campus housing. Jimmy and Susan Dunne donated $20 million for a new men’s dormitory, and Jay and Mary Flaherty gave $20 million for a new women’s residence hall.

Mr. Dunne is senior managing principal at investment firm Sandler O’Neill + Partners. He graduated from Notre Dame in 1978 with a bachelor’s degree in economics and serves on the university’s Board of Trustees.

Mr. and Ms. Flaherty are both 1979 graduates of Notre Dame. Mr. Flaherty, the managing director of NorthStar Asset Management Group, is also a trustee.

DePauw University

Don and Barbara Daseke donated $20 million for the DePauw Trust, a financial-aid endowment, and for liberal-arts programs.

Ms. Daseke owns an interior-design firm. Mr. Daseke heads Daseke Inc., a specialty trucking company. He graduated from DePauw in 1961 and has served on its Board of Trustees since 1985.

University of Texas Rio Grande Valley

Robert Vackar, head of the Bert Ogden Auto Group, pledged $15 million to endow the business school, which will be renamed the Robert C. Vackar College of Business & Entrepreneurship.

This is the second gift Mr. Vacker and his family have given the university this year. In January they donated more than $2 million for scholarships.

Milwaukee Art Museum

Donald and Donna Baumgartner committed $8 million to endow the position of museum director.

Mr. Baumgartner founded Paper Machinery Corporation, which makes machines used to produce food and beverage containers. The machines are stamped with an image of the museum, with which the couple has had a long association as donors and board members.

University of Chicago

John Edwardson, a retired chairman of technology company CDW, gave $5 million to expand the Booth School of Business’s social-entrepreneurship program, which will be named the Edwardson Social Entrepreneurship Program.

The donor earned an MBA at the business school in 1972 and is a university trustee. In 2013, he gave the Booth School $5 million for an annual social-entrepreneurship competition that is part of Booth’s Social Enterprise Initiative.

Mr. Edwardson’s latest contribution establishes a $2-million matching-gift program for the Social Enterprise Initiative, provides living expenses for recent social-entrepreneur alumni to help them focus on raising philanthropic or investing capital, and backs other programs.

To learn about other big donations, see our database of gifts of $1 million or more, which is updated throughout the week.