$42 million gift to Claremont Graduate University supports new entrepreneurial hub – San Bernardino Sun

Claremont Graduate University has received a $42 million gift to support the construction of a new building for its School of Arts and Humanities, as well as a hub for entrepreneurial business faculty and students.

Claremont Graduate University alumnus Patrick Cadigan died in 2020. (Photo courtesy of Claremont Graduate University)

The historic gift — the largest philanthropic commitment in the school’s nearly 100-year history — is on behalf of the Patrick F. Cadigan Family Foundation, established by alumnus Patrick F. Cadigan, CGU officials announced Tuesday, Feb.15

Cadigan, a real estate investor and former tech CEO who died in April 2020 at age 85, earned a master’s degree in 1978 and a doctorate in management in 1980 at CGU. Cadigan was one of the largest private investors in apartment properties in Orange County, according to the university.

“Dad felt a strong personal responsibility to give back to the schools that contributed to the man he became and to the high level of success he achieved,” Maria Cadigan, Patrick Cadigan’s daughter, said in a news release. “It deeply moves me when I think of CGU’s future and the people who will work together in the magnificent building that will be erected in his honor.”

The planned building, which will be named for Cadigan, will take over a vacant 2-acre lot where student housing once existed, across from the Drucker School of Management. Once completed, university officials expect the building to support learning that crosses disciplines, one of CGU’s core principles.

“This gift offers a tremendous opportunity for CGU to build something with form and function that inspires innovation and entrepreneurship,” said CGU President Len Jessup in the news release.

A map of the Claremont Graduate University campus, including the site of the future School of Arts and Humanities, made possible by a $42 million gift from the Patrick F. Cadigan Family Foundation. (Map provided by Claremont Graduate University)The building is expected to be a home for faculty and students in business and other disciplines interested in pursuing entrepreneurship. This includes those in public and private sectors interested in honing or discovering skills, the university said.

The tentative name for the lot’s master plan is the Da Vinci Project, which Jessup wrote, sets “a high bar” for what the university wants to accomplish. But with the help of Cadigan’s gift, Jessup said, that goal is within reach.

CGU is in the early stages of soliciting proposals for the project. Once a construction firm and architect have been selected, a timeline will be determined, according to the university.

The $42 million gift follows a $14 million donation in 2020 from the San Manuel Band of Mission Indians to establish the Yuhaaviatam Center for Health Studies, a research center that will focus on physical and mental-health challenges that will serve underserved and tribal communities in the region.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *