The University of Michigan has announced a $60 million gift from the Zell Family Foundation, to support the Samuel Zell and Robert H. Lurie Institute for Entrepreneurial Studies at the Stephen M. Ross School of Business.
The funds will support entrepreneurship programs for students, including a $10 million fund for student business ventures.
Since its creation in 1999, the Zell Lurie Institute has fostered entrepreneurship at UM Ross and supported the creation of hundreds of start-up businesses, including more than 100 companies in the 2014-2015 academic year alone. The Zell Lurie Institute has been ranked in the top three programs for entrepreneurship for three years running.
Helen and Sam Zell are both UM alumni, and have supported their alma mater to the tune of over $150 million (including founding a program in entrepreneurship and law at the UM law school and helping to support the university’s creative writing program).