Donor gives Rutgers $13 million to advance business and professional studies
An anonymous gift of $13 million – the largest private donation in Rutgers’ history – will help the university launch a long-term initiative to develop its Livingston Campus in Piscataway as a center for business and professional studies.
Of the total donation, $10 million will support construction of a new building for the Rutgers Business School–Newark and New Brunswick on the Livingston Campus. The remaining $3 million will be used to establish the Bennett L. Smith Endowed Chair in Business and Natural Resources, named for the late geology professor who retired from Rutgers in 1974.
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