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The Institute will use the money to continue the work it’s doing and will update its name to the Jerome A. Chazen Institute for Global Business.
This name change reflects an expanded mission to engage in educational work and research that crosses both international boundaries and disciplines.
According to Columbia Business School’s dean, Glenn Hubbard, the $10 million gift will allow the Chazen Institute “to achieve these high-level goals.”
Right now, the Institute undertakes both education and research projects that have a global focus.
On the education front, the Institute runs an MBA exchange program, leads international study trips, and offers instruction in several different languages.
As far as research, the Institute brings visiting research fellows to campus, provides grants, and holds conferences. It also publishes the Chazen Global Insights newsletter.
Chazen’s $10 million contribution marks the Chazen Institute’s 25th year. The Institute was founded in 1991 with the help of a gift from Chazen that was at the time the largest in Columbia Business School’s history.
Chazen’s roots at Columbia run deep. He graduated in 1950 with an MBA from Columbia Business School.
In 1976, Chazen co-founded Liz Claiborne Inc., now known as Kate Spade & Company. The company met quick success and joined the Fortune 500 list in 1986.
Chazen began his time at Liz Claiborne Inc. as director of marketing. When Liz Claiborne retired in 1989, he moved into the role of chairman. He is now chairman emeritus, but he remains chairman at Chazen Capital Partners, which he founded. He also sits on the Board of Overseers of Columbia Business School.
Chazen’s latest gift should allow the Chazen Institute to continue flourishing as the heart of both Columbia Business School’s globally oriented educational initiatives and research projects.
Announcing the gift, Columbia Business School’s dean described the role of the Chazen Institute as central: “Today, the Chazen Institute thrives as the hub of global business research and instruction at Columbia University. Students have benefited from the institute’s many academic offerings and become global leaders, while the research produced with the institute’s support has helped to shape global business as we know it, encapsulating Jerry Chazen’s enduring vision.”
With the new funds, the Institute should be able to extend the reach of its work. The new name already reflects a set of farther-reaching, more ambitious goals. To learn more about the Chazen Institute, visit their website.
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