Education Policy | Post Primary | Preschool | Primary | Tertiary | Search


$3.5 M US Donation Swells Business School

1 July 2002

$3.5 M US Donation Swells Business School Fundraising Campaign

The University of Auckland today announced that it has received a gift of $3.5 million for its fundraising campaign to build a world-class business school for Auckland.

Dean of The University of Auckland Business School, Professor Barry Spicer, said that the gift from American businessman Paul K Kelly was a welcome contribution to the tertiary education sector and the New Zealand business community generally.

“Our vision for the Business School is a global one, so it is pleasing to announce our first major individual donation from a highly respected international source,” he said.

Paul Kelly is Chairman and CEO of the diversified US manufacturing company, Knox Enterprises, Inc., and President and CEO of Knox and Co., an investment banking firm. He has a long-term interest in tertiary education and is currently a member of the Board of Trustees for the University of Pennsylvania, home of the internationally renowned Wharton School. An American, Mr. Kelly has owned property in New Zealand for some years, including the Carrington Club, a new golf club resort on the Karikari Peninsula in the Far North.

Mr Kelly said that he agreed with the objectives of The University of Auckland Business School. “A top flight business school makes a powerful contribution to the economy it serves,” he said. “I have seen that contribution in the United States. I believe The University of Auckland is well positioned to benefit fully from an infusion of further funds, and to provide business and management leadership both locally and regionally.”

Mr Kelly said that one million dollars is for Maori student financial aid and management development, $1 million is for general student financial assistance, and $1.5 million is for faculty enhancement. The Maori and general student financial assistance (scholarships) portions are for both undergraduate and graduate study.

Professor Spicer said that, in total, the University had raised around $7.5 million so far for the Business School, with another $7.5 million under discussion. The initial target is $25 million, to take full advantage of the Government’s offer of $25 million in matching funds.


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines

Legendary Bassist David Friesen Plays Wellington’s Newest Jazz Venue

Friesen is touring New Zealand to promote his latest album Another Time, Another Place, recorded live at Auckland's Creative Jazz Club in 2015. More>>

Howard Davis Review: The Father - Descending Into The Depths of Dementia

Florian Zeller's dazzling drama The Father explores the effects of a deeply unsettling illness that affects 62,000 Kiwis, a number expected to grow to 102,000 by 2030. More>>

Howard Davis Review: Blade Runner Redivivus

When Ridley Scott's innovative, neo-noir, sci-fi flick Blade Runner was originally released in 1982, at a cost of over $45 million, it was a commercial bomb. More>>

14-21 October: New Zealand Improv Festival In Wellington

Imagined curses, Shibuya’s traffic, the apocalypse, and motherhood have little in common, but all these and more serve as inspiration for the eclectic improvised offerings coming to BATS Theatre this October for the annual New Zealand Improv Festival. More>>


Bird Of The Year Off To A Flying Start

The competition asks New Zealanders to vote for their favourite bird in the hopes of raising awareness of the threats they face. More>>

Scoop Review Of Books:
Jenny Abrahamson's John & Charles Enys: Castle Hill Runholders, 1864-1891

This volume will be of interest to a range of readers interested in the South Island high country, New Zealand’s natural environment, and the history of science. More>>