Tags: Harvard | Chao | gift | foundation

Chao Family Give $40 Million to Harvard Business School

Friday, 12 Oct 2012 05:04 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Harvard Business School has received $40 million from the James S.C. Chao and Family Foundation for scholarships and an executive education building.

About $35 million of the donation will go to constructing the education center that will be named for the late Ruth Mulan Chu Chao, the business school said Friday in a statement. The remaining $5 million will go to scholarships for students of Chinese heritage, according to the statement.

Four of James and Ruth Chao’s daughters attended the school, located in Boston, across the Charles River from Harvard University’s main campus, the statement said. They include Elaine Chao, U.S. Labor Secretary from 2001 through 2009 under former President George W. Bush.

Ruth Chao “was a positive, optimistic person who believed in the transformational power of education regardless of gender in developing leaders for the world,” Elaine Chao said in the statement.

Ruth Chao died in 2007 and was memorialized by Elaine Chao in a tribute before the U.S. Senate. James Chao is founder of New York-based shipping company Foremost Group.

Harvard is the oldest and richest U.S. university, with an endowment of $30.7 billion.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Purdue Professor: Ebola 'Unlikely to Spread Here' in US

Friday, 19 Sep 2014 20:25 PM

The Ebola virus is unlikely to cause a deadly epidemic in the United States, according to David Sanders, an associate pr . . .

Polly Bergen, 'Cape Fear' Actress, Dies at 84

Saturday, 20 Sep 2014 20:04 PM

Actress and singer Polly Bergen, who's best known for her role in the original Cape Fear opposite Gregory Peck, died a . . .

Feds Mum on Prosecution of Illegal Border Crossers

Saturday, 20 Sep 2014 17:33 PM

The federal government refuses to say whether prosecutors in Yuma, Arizona, have scaled back a years-old program that gu . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved