The Wharton School recently announced it will receive $50 million—the largest single gift ever given to the School—from Marc J. Rowan, a Wharton alumnus, and Carolyn Rowan. Their generous funding will enable Wharton to attract and retain world-leading faculty and support the Penn Wharton Budget Model (PWBM), the University’s economic policy analysis program. Mr. Rowan, co-founder and senior managing director of Apollo Global Management, is chair of Wharton’s Board of Overseers, a Penn trustee, and co-chair of the School’s More Than Ever fundraising campaign.
The Rowans’ gift will enhance Wharton’s ability to address the most complex global challenges and opportunities head on, through groundbreaking research and exceptional teaching. With this commitment, Wharton will recruit three Rowan Distinguished Professors who are global leaders in their fields, who will inspire faculty and students alike and integrate academia with business. The Rowans’ gift will also support the appointment of a select number of Rowan Fellows for five-year terms, to recognize and support Wharton’s faculty in their commitment to innovative research and teaching.
The Rowans’ generosity to PWBM, which uses big data analytics to promote evidence-based policymaking on the key economic issues facing the United States, builds upon their foundational commitment to the primacy of societal impact in the Penn Compact 2022.
Read more at Wharton News.