Tel Aviv University nabs $50m donation
The Tel Aviv University School of Management has received a $50 million donation from UK businessman Jeremy Coller, the founder of Coller Capital, one of the world's leading private secondary capital funds. The donation is earmarked for research and development, study programs, and teaching. The School of Management will now be named after Coller, while the faculty building and MBA studies program will still be called Recanati.
Several years ago, Coller founded the Coller Institute of Venture in the framework of the School of Management, and Tel Aviv University awarded him an honorary doctorate for his work in the global capital market in 2012. Tel Aviv University said that Coller was an entrepreneur with imagination and vision in the development of private capital funds, and had contributed to entrepreneurship and innovation as a means of strengthening the economy. Coller will visit Israel next week for the official announcement of his donation, and will meet with the university's board of trustees and research staff and lecturers at the School of Management.
Tel Aviv University President Joseph Klafter said, "Jeremy Coller's donation is on an extremely significant scale. It will help leverage the internationally renowned large-scale and high-quality teaching, research, and development by the School of Management. We thank Mr. Coller for recognizing the importance of research and teaching in management and his expression of confidence in our researchers."
Yahel Leon Recanati Foundation chairman Leon Recanati, an active participant in the School of Management for many years, endorsed the event on behalf of his family, saying, "As someone who is aware of the importance of business administration studies in Israel, I was a partner in the establishment of the Graduate School of Business Administration, which is now celebrating the 50th anniversary of its founding. I have been active in its leadership and development ever since. I welcome this donation, which constitutes a major step forward in the development of management research and studies for the coming years and the creation and communication of the most advanced information to the future generation of managers."
School of Management Dean Prof. Moshe Zviran said, "With the help of this donation, we can expand and recruit more researchers and teachers as part of the project of bringing academics back to Israel, which we started a decade ago. In this project, we have already hired dozens of Israeli and foreign researchers in a broad ranges of specialties from leading overseas universities."