April 6, 2012

Who else has an Ivy League grad school named for them?

Now that Dr. Seuss owns DMS, how many other guys had the swag to see their name on an Ivy League graduate school? The answer: Thirteen. But just who are they?

They include seven businessmen, one woman, and almost one billion dollars spent between them. Medical schools are the most frequently named (the Geisel School of Medicine is the fifth in the Ivy League), though their namesakes include no doctors, just business fearful of their own mortality. Aside from Presidents Kennedy and Wilson (when you're POTUS, you don't have to give crap for people to name things for you) Sylvanus Thayer got the best deal at Dartmouth, spending $70,000 (or about $1 mil in dollars today), while Sanford I. Weill at Cornell got the worst, spending $250 mil. I guess Weill was no better cutting deals at Cornell than he was at CitiBank! Zing!

  • Warren Alpert Medical School, renamed in 2007 after entrepreneur Warren Alpert who donated $100 million. Mr. Alpert founded Warren Equities, which owns “oil, wholesale food and tobacco distributorships, real estate and XtraMart convenience stores at more than 250 East Coast gasoline stations.” Mr. Alpert also gave $20 million to the Harvard Medical School and $15 million to Mount Sinai Hospital in Manhattan. He died two months after his donation to brown at the age of 83, saying (no joke) “I really don’t want my relatives to be rich.”

  • Columbia Mailman School of Public Health (not postal service), renamed in 1999 for Joseph Mailman in recognition of a $33 million gift from his Mailman Foundation. Mr. Mailman, who died 9 years before his foundation’s gift, founded Utica Knife and Razor Company. That’s what I call old money.

  • Samuel Curtis Johnson Graduate School of Management, renamed in 1984 for Samuel Curtis Johnson, who died in 1919 after his family gave $20 million. Johnson founded S.C. Johnson & Son (A Family Company!), which today enjoys revenue of over $8 billion a year selling products like Shout, Windex, Ziploc, Glade, OFF! and Pledge.
  • Weill Cornell Medical College (located in New York City, not Ithica with the rest of Cornell), renamed in 1998 for Sanford I. Weill, the former Chairman of Citigroup during the WorldCom scandal, after donating over $250 million to his alma mater.

  • Thayer School of Engineering, established in 1867 with $70,000 donated by Brig. Gen. Sylvanus Thayer (who is not a villain in Harry Potter). General Thayer, known as “the father of West Point”, was the 1807 valedictorian at Dartmouth (though he never gave the speech) and went on to have a storied career as a military engineer and educator in the service of his country.
  • Amos Tuck School of Business Administration founded in 1900 and named for Amos Tuck, co-founder of the Republican Party (how proud he’d be of his creation) after a $300,000 gift in the form of preferred stock from his son, and famous ex-patriot alumnus, Edward Tuck.

  • John F. Kennedy School of Government, renamed in 1966 for over-rated president and noted philanderer John F. Kennedy, presumably for free after Lee Harvey immortalized him.
  • Radcliffe Institute for Advanced Study at Harvard, the successor to the all-female Radcliffe College, which was named for Lady Anne Moulson, died 1661, the school’s first female benefactor

  • Bendheim Center for Finance founded in 1998 with $10 million gift from the Leon Lowenstein Foundation in honor of the the foundation's president, Robert A. Bendheim. Interestingly, by Ben Bernanke is listed as the founder.
  • Woodrow Wilson School of Public and International Affairs, renamed in 1948 for Princeton’s 13th President and the only Ph.D. President of the United States.

  • Annenberg School for Communication at the University of Pennsylvania established in 1958 by Wharton School's alum Walter Annenberg, a publisher, businessman, philanthropist, United States Ambassador to the United Kingdom, and winner of an absurd number of medals for someone who never served in any armed services. Annaberg’s foundation has given at least $420 million to schools named after him at UPenn and USC in the last two decades.
  • Perelman School of Medicine, renamed in 2011 after a $225 million contribution from Ronald Perelman, the billionaire businessman of vice who owns companies in the cigar, makeup, car, lottery, jewelry, and banking industries.
  • Wharton School of the University of Pennsylvania established in 1881 through a $100,000 donation of Joseph Wharton, the co founder of both the highly profitable Bethlehem Steel company and the highly-nerdy Swarthmore Colege.

  • No Named schools!
What's up Yale? Too good to ditch the Yale name in favor of a mere mortal? You're sitting on a gold mine!

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