David Booth’s University Of Chicago Donation
An ex student of University of Chicago has donated 300 millions to its alma mater. In one word - wow. Its not the money, its not sum but the generosity and the reciepient as in a University.
An entrepreneur and visionary marketer, David Booth built his successful investment firm on finance principles he learned at the University of Chicago Graduate School of Business has returned the favor by making the largest donation in the University’s history and the largest gift to any business school in the world.
So it seems this donation has surpassed anything given to schools like Harvard, Yale, Kellogg etc. Note, I am talking only of business schools.
David G. Booth is the founder and CEO of Dimensional Fund Advisors, an investment firm, his wife Suzanne Booth and their family. David Booth received an M.B.A. from the school in 1971. The combination of an up-front payment, the income stream, and the equity interest provided by the Booth gift is valued at $300 million. In recognition of the gift, the school will be renamed the University of Chicago Booth School of Business.
Nice way to go Mr Booth. You have set a good example for the other rich folks out there.
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