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Harbert gives $40MM to AU COB (merged)

RunInRed

By RunInRed
in All Things Considered...

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RunInRed Founding Father

RunInRed 16,992

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Raymond Harbert, a 1982 business graduate, has given the College of Business the largest gift in the history of Auburn University ... the largest gift to a single college or school in Alabama history ... $40 million. Subsequently, the Board of Trustees unanimously voted to officially rename the college The Raymond J Harbert College of Business at Auburn University.

http://theshareholde...urn-university/

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RunInRed Founding Father

RunInRed 16,992

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“I am interested in helping the university become the best it can be,” Harbert said. “One of the critical elements to making that happen is capital. I have been blessed with success in my business endeavors, which in turn allows me to make that capital available as an investment in the College of Business’ future. To say it a different way, ‘To whom much is given, much is required.’”

...

Harbert’s name will strengthen the college’s position as a national and global leader in shaping business thought and practice by:

  • Creating additional eminent scholar and endowed chairs to recruit and retain top faculty members in such areas as finance, business analytics and supply chain management;
  • Establishing the Harbert Investments Center, a research enterprise focused on securities and wealth creation, and a supply chain management research institute that will work in partnership with the university’s Samuel Ginn College of Engineering;
  • Forming a doctoral program in finance to help prepare future thought leaders in academia and practice;
  • Enhancing instructional technologies and classroom facilities.

“It is extremely gratifying to have this opportunity to help move Auburn forward, and I look forward to watching Dean Hardgrave make these improvements,” Harbert said. “I have always felt that college was a place to explore and find out who you are, and I hope this gift will allow Auburn to seek out professors who will challenge the students to be the best they can be.”

More: http://wireeagle.auburn.edu/news/5290

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DCWarEagle Veteran

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I didn't see this posted. Great news for Auburn's College of Business.

http://blog.al.com/wire/2013/06/auburn_board_member_pledges_40.html

Harbert, a 1982 graduate of Auburn, serves as chairman and CEO of Harbert Management Corporation, a Birmingham-based independent investment firm founded in 1993.

His pledge to the school comes in the form of a challenge. Harbert will donate $25 million to the university. If the school can raise another $15 million, he'll match it for a total of $55 million for the university.

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ellitor Founding Father

ellitor 33,284

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I didn't see this posted. Great news for Auburn's College of Business.

http://blog.al.com/w...pledges_40.html

Harbert, a 1982 graduate of Auburn, serves as chairman and CEO of Harbert Management Corporation, a Birmingham-based independent investment firm founded in 1993.

His pledge to the school comes in the form of a challenge. Harbert will donate $25 million to the university. If the school can raise another $15 million, he'll match it for a total of $55 million for the university.

There is an open thread in the same forum you posted in. In fact it is now right below this thread. Link
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AUDub Founding Father

AUDub 11,424

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One of our new towers at the Children's Hospital in Birmingham is named Harbert Tower in honor of Mr. Harbert. He's a very generous individual.

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WarEagle10 Founding Father

WarEagle10 77

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Very very generous of him. If anybody knows him, let him know I have no problem renaming one of my children after him.

War Eagle Raymon!!!!!!!!!

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alexava Founding Father

alexava 6,974

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His mother is Alabama's only billionaire, they do ok. Also a very generous family. http://en.wikipedia....guerite_Harbert

Maybe she needs a husband!!!!!!!!!!!!!!!! she is close to my age........

Man, seriously, no one is close to your age. :rolleyes:

I'll marry her if she is 100. age is just a number.
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AU64 Founding Father

AU64 10,122

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Kind of glad to get Lowder's name off the CoB. That's a remarkable gift.

Don't think that will happen. It was never the Lowder Business School. This was a great gift for the school but without the earlier support from the Lowder family AU's Business School would not have reached it's current level of prominence. Thanks to Raymond Harbert, it should be able to take another step toward national recognition.

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AU64 Founding Father

AU64 10,122

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Will the building still be named for Lowder's parents?

I think it honors his mother....not sure what name is on the $4 million facility he gave the athletic dept for their academic assistance efforts...or the multi-million business research center. The Lowders are still one of the largest donors to AU for various projects.
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