Business School announces Tata gift; two initiatives
Hoping to spur innovation at Harvard and in the surrounding community while providing a spark for the economy, the Harvard Business School (HBS) announced plans Thursday (Oct. 14) for two building projects, one aimed at training new global leaders and the other at fostering entrepreneurship. At an afternoon press conference on the HBS campus, Dean Nitin Nohria announced that the Tata Companies, the Sir Dorabji Tata Trust, and the Tata Education and Development Trust, which are philanthropic arms of the Tata Group, India’s largest company, are donating $50 million to the School. The gift, the largest from an international donor in the School’s history, will fund a new HBS facility to support the School’s broad range of executive education programs. “Ratan Tata knows firsthand the transformative educational opportunities offered through Harvard Business School’s executive education programs,” said Harvard President Drew Faust. “Thanks to this generous gift, HBS will be able to expand its...