Law.com, Penn Law, With Record-Breaking Donation, Gets New Name:
The University of Pennsylvania Law School has received the single largest donation to a law campus on record and is changing its name in honor of the donor.
The school will now be called the University of Pennsylvania Carey Law School after receiving $125 million from the W.P. Carey Foundation. That tops the $115 million gift James E. Rogers made to the University of Arizona’s law school in 1998 and the $100 million donation from the Pritzker family to Northwestern University Pritzker School of Law in 2015. …
Naming rights have become an increasingly important avenue for fundraising in legal education. Last month, Pepperdine University’s law school was renamed the Pepperdine University Rick J. Caruso School of Law after it received $50 million from its namesake, who is a Los Angeles-area real estate developer.
The $125 million gift will be spent on these six priorities:
- Strengthen and expand cross-disciplinary legal studies
- Increase student financial support and resources
- Recruit and retain the most preeminent and diverse faculty
- Continue to grow the diversity and inclusivity of our community
- Innovate and lead in the transforming legal profession
- Expand pathways to public service
Media coverage:
- Bloomberg Law, Penn Law School Gets $125 Million Gift From Carey Foundation
- Forbes, The W.P. Carey Foundation Makes Record $125 Million Donation To The University Of Pennsylvania Law School
- Penn Today, W. P. Carey Foundation Makes Historic $125 Million Gift to Name Penn’s Law School
- Philadelphia Inquirer, University of Pennsylvania Law School Gets Record Setting $125 Million Donation From N.Y. Foundation
