UR biz school receives $10M donation

Anonymous alum's gift will establish endowed scholarship fund

Published September 7, 2023 by Katherine Schulte

The University of Richmond’s Robins School of Business received an anonymous $10 million gift from an alumnus to establish an endowed scholarship fund, the school reported Thursday.

The alumnus studied accounting and finance at UR and stocked groceries to fund his tuition and other expenses, the school said.

“Access and affordability are among our highest priorities at the University of Richmond,” President Kevin F. Hallock said in a statement. “This gift will have an incredible impact on our ability to enhance financial support for remarkable students, and it is an inspiring example of Spiders helping Spiders.”

The Robins School gift is one of several that the university has received from alumni this year. In March, UR announced a $25 million donation from alumni and longtime donors Carole and Marcus Weinstein to fund a center focused on student learning at the school’s library. A month later, the couple donated $3 million to support Jewish life.

“This generous gift will support students pursuing careers in finance, management, economics, marketing, analytics, accounting, and more,” Robins School Dean Mickey Quiñones said in a statement. “Many of our students receive scholarship support to attend Richmond, and I’m grateful this alum was inspired by his own experiences to help make that possible for even more students.”

Straddling the city of Richmond and Henrico County, the University of Richmond recorded a fall 2022 enrollment of 3,876 students, of which 3,147 were undergraduates, according to State Council of Higher Education for Virginia data. The university has approximately 1,500 endowed funds and reports an endowment market value of $3.2 billion.

    Subscribe to Virginia Business.   Get our daily e-newsletter.