Blog Archive MBA News CBS Receives $40M Gift for New Campus

Blog Archive MBA News CBS Receives $40M Gift for New Campus This week, two Columbia Business School (CBS) alumni donated a total of $40 million toward the completion of the school’s planned Manhattanville campus. Arthur J. Samberg (’67), who pledged $25M, and Mario J. Gabelli (’67), who pledged $15M, are both members of the school’s Board of Overseers and join the ranks of Ronald O. Perelman and Henry R. Kravis, who each made record $100M gifts, contributing to the new facility. So far, the school has raised $500M of its $600M fundraising target. Mario Gabelliâ€"who is the founder, chairman and CEO of Gabelli Asset Management Company Investorsâ€"was listed among Forbes magazine’s 400 wealthiest Americans in 2006. His former classmate Arthur Samberg is the chief investment officer for Pequot Capital Management, a $5 billion hedge fund.  â€œI am extraordinarily grateful to accept these generous pledges,” stated CBS Dean Glenn Hubbard, adding that the gifts will allow the Manhattanville campus to “feature classrooms of tomorrow an d other cutting-edge innovations.” Share ThisTweet Columbia University (Columbia Business School) News