MARILYN DAVIES NAMING GIFT
March 21, 2017
On February 23rd, 2017, President Michael A. Olivas announced that our College of Business had received a $10 million naming gift from local businesswoman Marilyn Davies and effective that date, UHD's COB would henceforth be known as the Davies College of Business. This is the first college of business in the state of Texas and only the fourth college in the U.S. to be named for a woman. A naming gift signifies that the donor greatly values the academic mission of the entity being supported.
The structure of a naming gift is typically a financial endowment and is constructed in such a way that the principal is kept intact while the investment income is available to be used by the named entity. Naming gift income can be utilized in a large number of applications, including: to recruit top faculty, to provide faculty excellence funds, for student support services such as advising and career services, to enable assessment of learning outcomes, to assure that students and researchers always have access to the latest business technology and a wide range of additional possibilities.
Many of the top business schools in the U.S. have received naming gifts. As a perspective on naming gifts, The Wharton School at the University of Pennsylvania was named after Joseph Wharton who donated $100,000 in 1881 (value in today's dollars is $2.2MM). Dartmouth's Tuck School of Business was named after Edward Tuck who donated $300,000 in 1900 (value in today's dollars is $7.9MM). The Kellogg School of Management at Northwestern (1979) and Fuqua School of Business at Duke (1980) were both $10MM naming gifts while the Jesse H. Jones Graduate School of Business at Rice University (1974) was a $5MM naming gift. Texas A & M's Mays Business School (1996) and UCLA's Anderson School of Management (1987) were both $15MM naming gifts. However, a naming gift is still a rarity; a large majority of U.S. business schools are not presently named.
Marilyn Davies, through her naming gift, signifies that she understands the value of higher education for today's workforce. By investing in UHD's growing college of business, she has given a significant boost to both undergraduate business programs as well as Houston's largest and highest valued MBA program.
The Marilyn Davies gift is a challenge to raise our game and goals at the Davies College of Business and we plan to do just that!