• Tue. Mar 21st, 2023

UMass’ Isenberg college nets $20M present, biggest in business enterprise school’s history


Mar 16, 2023

AMHERST — A $20 million donation that is the biggest money present in the history of the Isenberg College of Management at the University of Massachusetts will go toward attracting and retaining prime-tier faculty, supporting analysis and enhancing entrepreneurship at the business enterprise college undergraduate plan.

The university announced Thursday getting the present from Douglas and Diana Berthiaume of Andover, the most generous money donors in the history of the flagship campus. The Berthiaumes have currently provided extra than $16 million to the university, which includes a $ten million present in 2014 that established the Berthiaume Center for Entrepreneurship, and eight years earlier created a $five million donation to management applications.

Douglas Berthiaume, a 1971 graduate, mentioned in a statement that the university supplied him a outstanding education that led to a effective skilled life, serving as chairman, president and chief executive officer of Waters Corporation in Milford, a pharmaceutical and biotechnology organization.

“It’s my hope that my family’s donation will accelerate faculty excellence and enable Isenberg accomplish recognition as a globe-class business enterprise college,” Berthiaume mentioned.

UMass announced that the most recent donation will go toward 3 major places to help faculty, groundbreaking analysis and revolutionary spaces, with $7 million for creation of endowed faculty positions and chancellor professorships to attract and retain prime talent, $11.five million for endowed help for doctoral fellowships and a new behavioral analysis lab, and $1.five million for expanded faculty analysis at the Berthiaume Center.

UMass Chancellor Kumble Subbaswamy mentioned the Berthiaumes have been instrumental in establishing UMass as a hub for entrepreneurial pondering and innovation.

“Their help has been necessary in Isenberg’s achievement more than the previous decade and we are deeply grateful for this new help, which will have an extraordinary influence on our students’ achievement,” Subbaswamy mentioned.

The Small business Innovation Hub at the Isenberg College will be named in honor of the Berthiaumes, pending approval that is anticipated by the UMass board of trustees. Isenberg, founded in 1947, at the moment has extra than four,000 undergraduates majoring in seven business enterprise disciplines, which includes accounting and advertising and marketing, and sport and hospitality and tourism management.

University officials mentioned the present will also boost Isenberg’s influence on business enterprise theory and practice by supporting creation and dissemination of faculty scholarship and analysis, and establish Isenberg as a leader in providing transformative applications, supported by higher-good quality teaching, instructional innovations and state-of-the-art technologies.

Anne P. Massey, dean of the Isenberg College, expressed gratitude to the Berthiaumes.

“Their choice to help our efforts to attract and retain prime faculty via endowed positions and the creation of a behavioral analysis lab will enable us advance Isenberg’s analysis reputation amongst the finest business enterprise schools,” Massey mentioned in a statement. “Moreover, their present of $7.five million in help of our doctoral plan is not only critical to faculty analysis, but also our efforts to create the subsequent generation of scholars and educators.”

Douglas Berthiaume’s dedication to UMass, exactly where he was awarded an honorary Physician of Laws degree in 2005, has also integrated getting founding director of the UMass Amherst Foundation and serving as co-chairman of UMass Increasing, the university’s $300 million philanthropic campaign. He is chairman of the trustees for the Boston Children’s Hospital.

Scott Merzbach can be reached at smerzbach@gazettenet.com.

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