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Columbia Business School Announces Major Gift from Robert F. Smith to Create Scholarship Fund
Mon, January 24, 2022
Scholarships will be awarded to students graduating from HBCUs and students from diverse backgrounds
NEW YORK, January 24, 2022--(BUSINESS WIRE)--Today, Columbia Business School announced the establishment of a scholarship fund made possible by a major gift from alumnus Robert F. Smith (‘94).
The institution will receive $10 million to fund a scholarship program for students graduating from Historically Black Colleges and Universities (HBCUs), from diverse backgrounds who have overcome significant hardships or challenges in their academic pursuits, or who have demonstrated a strong commitment to engaging principles of diversity, equity, and inclusion. Through this scholarship fund, Columbia will be able to access a pipeline of those who have been historically overlooked by non-HBCU graduate institutions.
"Robert Smith is to be commended for supporting talented students who have been underrepresented in higher education and for his sustained commitment to expanding access to the nation’s colleges and universities," said Lee C. Bollinger, Columbia’s President and Seth Low Professor of the University. "His generous gift coincides with the opening of Columbia Business School’s Manhattanville home and serves as a fitting declaration of the values to be embraced by the future of business education at Columbia."
Students beginning in the fall 2022 semester will be eligible to receive both partial and full tuition scholarships from the fund. Over the next ten years, the gift is expected to help Columbia Business School to attract and support approximately 200 students from HBCUs and diverse backgrounds.
