Montclair State University announced on July 8 that it has received a $20 million anonymous gift, which is the single largest donation that the University has received in its 107-year history.<\/p>\n
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Funds from the gift will be dedicated to support the University\u2019s School of Business and to advance its mission of transforming today\u2019s students into tomorrow\u2019s business leaders, successful entrepreneurs and industry innovators.<\/p>\n
\u201cMontclair State is both grateful and honored to receive this extraordinary gift and the recognition that comes with it of the quality of education that this University has made available to the people of New Jersey,\u201d said Montclair State University President Susan A. Cole in announcing the gift. \u201cAt a time when governmental funding for public higher education institutions continues to fall short, we are especially grateful for the substantial support of donors who believe in our commitment to meeting the expanding educational needs of the state.\u201d<\/p>\n
The gift comes at a period of unprecedented growth, expansion and opportunity at Montclair State. Today, the University\u2019s more than 20,000 graduate and undergraduate students are enrolled in over 300 doctoral, master\u2019s and baccalaureate degree programs. Enriched scholarship and research activities from a top-tier faculty have enhanced the University\u2019s reputation both within New Jersey and beyond. This fall, another record-setting number of qualified applicants will result in continued growth in enrollments.<\/p>\n
In September, the University will open a new state-of-the-art facility for its School of Business, under the leadership of a new dean, Dr. Greg Cant. The 143,000-square-foot School of Business building will provide the School\u2019s 2,500 students with a $66 million high-tech learning environment, featuring a 150-seat lecture hall, classrooms and computer labs, a hub for the Feliciano Center for Entrepreneurship as well as market research\/analysis labs and a financial trading floor.<\/p>\n
\u201dThis historic gift provides us with an extra level of support to continue developing and expanding our high demand programs in Entrepreneurship, Accounting, and Sports, Events and Tourism Marketing, and our innovative new programs in Business Analytics, Forensic Accounting and Real Estate,\u201d said Cant. \u201cWe can also sharpen our focus on dynamic partnerships with leading national companies, such as KPMG and Enterprise, which provide hands-on learning and career opportunities for our students.\u201d<\/p>\n
This fall, the University will also open a new Center for Environmental and Life Sciences, a 100,000-square-foot, $55 million facility, providing an array of laboratories for research in the environmental and pharmaceutical sciences, as well as advanced instructional spaces. The University will also be breaking ground in the next few weeks on a $53 million facility for its growing programs in Communications and Media.<\/p>\n
Read media coverage by The New York Times<\/em><\/a>, The Philadelphia Inquirer<\/em><\/a>, NJ.com<\/a> and The Record<\/em>.<\/p>\n