The W. P. Carey Foundation, whose generosity launched Johns Hopkins Carey Business School, has made a $25 million commitment to the school to recruit renowned faculty, enhance academic programs, and help launch student careers. The gift will be matched with commitments from Johns Hopkins University and contributions from other donors for a total of $50 million.
The W. P. Carey Foundation’s new gift provides Carey Business School with support to ensure its path of growth and advancement in shaping business leaders of the future.
“On behalf of the W. P. Carey Foundation, we are proud to build on our investment in Johns Hopkins Carey Business School with today’s gift. This support will help fulfill my great-uncle Bill Carey’s vision of educating leaders who can have a transformative impact in Baltimore, Maryland, nationally and globally. As a long-term partner, it is the foundation’s goal that this support will ensure Carey Business School continues to be a world-class institution in the years ahead,” noted William P. Carey II, W. P. Carey Foundation chairman.
Zachary Pack, director of the W. P. Carey Foundation and a Johns Hopkins alumnus, added, “The foundation is thrilled to support the Carey Business School as Johns Hopkins builds on its existing strengths in medicine, public health, and technology. Through the support of the W. P. Carey Foundation and the matching funds from the university and other donors, Bill Carey’s goals for Johns Hopkins will be realized.”
A portion of the gift will be used to establish the James Carey Distinguished Professorships. Carey Business School was named in honor of James Carey, a 19th-century merchant and great-great-great-grandfather of the school’s benefactor, the late Wm. Polk Carey. The endowed faculty positions will enhance the school’s ability to attract outstanding researchers and academic leaders with records of significant scholarship.
“With the James Carey Distinguished Professorships, we will increase the impact of our cutting-edge and interdisciplinary research, including research related to the business of health, which is an area of distinction for Carey Business School,” said Alexander Triantis, dean of Carey Business School.“
Nearly a quarter of Carey’s full-time faculty study or teach in health-related fields. About 38 percent of current full-time MBA students and 35 percent of part-time MBA students focus on health-related areas of study.